Hutchinson Technology Reports Second Quarter Results

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Hutchinson Technology (HTCH) Misses Q2 EPS by 3c, Comments on Q3

April 30, 2015 5:00 PM EDT

Hutchinson Technology (NASDAQ: HTCH) reported Q2 EPS of ($0.28), $0.03 worse than the analyst estimate of ($0.25). Revenue for the quarter came in at $62.4 million versus the consensus estimate of $61.94 million.

"The seasonal weakness that we saw in the March quarter has continued into the June quarter, with an extremely slow start to the quarter as... More