Hutchinson Tech (HTCH) pre-announces Q3 results, with shipments of suspension assemblies +15%...

|About: Hutchinson Technology In... (HTCH)|By:, SA News Editor

Hutchinson Tech (HTCH) pre-announces Q3 results, with shipments of suspension assemblies +15% vs. Q2, and Q4 likely to be even higher. Net sales of ~$72M vs. $65.5M consensus. "It appears that demand has shifted to some customer programs where we have stronger positions, and we believe that we are beginning to regain market share." Shares +18.5%.