GT Advanced misses estimates, announces deal with Apple; shares halted

|About: GT Advanced Technologies, Inc. (GTATQ)|By:, SA News Editor

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)