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GT Advanced (GTAT) -15.3% after resuming trading. The company has guided for Q4 revenue of...

GT Advanced (GTAT) -15.3% after resuming trading. The company has guided for Q4 revenue of $95M-$102M and EPS of -$0.05 to -$0.10, far below a consensus of $146.4M and $0.14. It's also establishing 2013 guidance for revenue of $500M-$600M and EPS of $0.25-$0.45, well below a consensus of $886M and $1.16. An $80M-$90M Q4 inventory write-down is also forecast, and GT expects to exit 2013 with $225M-$275M in cash The usual solar and LED equipment industry issues are blamed. VECO -1%. (PR) (Q3 warning)
Comments (3)
  • Remind me not to invest in solar again.
    18 Dec 2012, 09:45 AM Reply Like
  • Ouch. Time to buy more?
    18 Dec 2012, 12:07 PM Reply Like
  • the hammering reminds me of my brilliant purchase of SKUL; miss a number, soften guidance, make any miss-step and you shall be summarily crushed
    18 Dec 2012, 03:15 PM Reply Like
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