Hutchinson Technology (HTCH) Tops Q3 EPS by 1c
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Hutchinson Technology Introduces New Gemini SMA OIS Actuator
July 30, 2015 4:02 PM EDTHUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) today announced that it expects to begin shipping prototypes of a new Shape Memory Alloy Optical Image Stabilization (SMA OIS) actuator to tier 1 camera module manufacturers in early August. The new Gemini product was designed in response to customer requests for reduced OIS camera thickness. Gemini reduces SMA OIS actuator thickness by more than 70%, to enable the world's slimmest OIS smartphone cameras.
Gemini also improves handshake suppression, resulting in clearer photos in low light conditions and more stabilized videos. The unique... More
Hutchinson Technology Introduces New Gemini SMA OIS Actuator
July 30, 2015 4:02 PM EDTHUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) today announced that it expects to begin shipping prototypes of a new Shape Memory Alloy Optical Image Stabilization (SMA OIS) actuator to tier 1 camera module manufacturers in early August. The new Gemini product was designed in response to customer requests for reduced OIS camera thickness. Gemini reduces SMA OIS actuator thickness by more than 70%, to enable the world's slimmest OIS smartphone cameras.
Gemini also improves handshake suppression, resulting in clearer photos in low light conditions and more stabilized videos. The unique... More
Hutchinson Technology Reports Third Quarter Results
July 30, 2015 4:02 PM EDTHUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) today reported a net loss of $10.2 million, or $0.30 per share, on net sales of $54.7 million for its fiscal third quarter ended June 28, 2015. The net loss included a $1.1 million foreign currency loss and $330,000 of non-cash interest expense. Excluding these items, the company's net loss for the fiscal 2015 third quarter was $8.7 million, or $0.26 per share.
In the preceding quarter, the company reported a net loss of $9.7 million, or $0.29 per share, on net sales of $62.4 million. The net loss included $430,000 of non-cash interest expense and a... More
Hutchinson Technology Reports Third Quarter Results
July 30, 2015 4:01 PM EDTHUTCHINSON, Minn., July 30, 2015 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) today reported a net loss of $10.2 million, or $0.30 per share, on net sales of $54.7 million for its fiscal third quarter ended June 28, 2015. The net loss included a $1.1 million foreign currency loss and $330,000 of non-cash interest expense. Excluding these items, the company's net loss for the fiscal 2015 third quarter was $8.7 million, or $0.26 per share.
In the preceding quarter, the company reported a net loss of $9.7 million, or $0.29 per share, on net sales of $62.4 million. The net loss included $430,000 of non-cash interest expense and a... More
