Hutchinson Technology (HTCH) Misses Q2 EPS by 3c, Comments on Q3
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Hutchinson Technology Reports Second Quarter Results
April 30, 2015 4:01 PM EDTHUTCHINSON, Minn., April 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (Nasdaq: HTCH) today reported a net loss of $9.7 million, or $0.29 per share, on net sales of $62.4 million, for its fiscal second quarter ended March 29, 2015. The net loss included $430,000 of non-cash interest expense and a $140,000 foreign currency gain. Excluding these items, the company's net loss for the fiscal 2015 second quarter was $9.4 million, or $0.28 per share.
In the preceding quarter, the company reported a net loss of $9.9 million, or $0.32 per share, on net sales of $72.4 million. The net loss included a $4.3 million loss on debt extinguishment, $860,000 of... More
