- GT Advanced (GTAT): Q3 EPS of -$0.16 misses by $0.15.
- Revenue of $40.3M (-76% Y/Y) misses by $52.2M.
- Expects 2013 revenue of $290M-$320M and EPS of -$0.40 to -$0.50, below a consensus of $525.8M and $0.23.
- Major long-term deal with Apple announced. Apple to make $578M prepayment.
- Shares are halted. CC at 5PM ET. (PR)
GT Advanced misses estimates, announces deal with Apple; shares halted
Nov 4 2013, 16:20 ET