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GT Advanced Technologies (GTAT): Q2 EPS of $0.16 beats by $0.10. Revenue of $167M (-27.6% Y/Y). (PR)

GT Advanced Technologies (GTAT): Q2 EPS of $0.16 beats by $0.10. Revenue of $167M (-27.6% Y/Y). (PR)
Comments (4)
  • dknow
    , contributor
    Comments (55) | Send Message
     
    This is totally incorrect. Another Glitch or just lazy ineptitude? Shame on you SA. GTAT beat estimates handily:

     

    GT Advanced Technologies' 2nd-qtr beats Street estimates
    BY Reuters
    — 4:56 PM ET 08/01/2012
    * Second-quarter adj EPS $0.16
    * Second-quarter revenue down 28 pct at $167.3 mln {Y/Y}
    * EPS est $0.06, rev est $114.2 mln -- I/B/E/S
    * Shares up 4 pct in trading after the bell

     

    second-quarter results that were well ahead of analysts' estimates, boosted by a strong performance by its polysilicon business.

     

    Analysts expected a profit of 6 cents per share on average, according to Thomson Reuters I/B/E/S.
    Revenue fell 28 percent to $167.3 million, but was ahead of analysts' expectations of $114.2 million.

     

    Guidance for the year is confirmed. Good pick up Seeking Alpha!
    1 Aug 2012, 06:37 PM Reply Like
  • Maverick86
    , contributor
    Comments (75) | Send Message
     
    I read the same article. SA please re edit!
    1 Aug 2012, 07:40 PM Reply Like
  • Furbonacci
    , contributor
    Comments (370) | Send Message
     
    +1
    1 Aug 2012, 10:22 PM Reply Like
  • tjshinault
    , contributor
    Comments (3) | Send Message
     
    Your story is badly misleading. they beat EPS estimates by over 100%
    2 Aug 2012, 02:57 PM Reply Like
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