Hutchinson Technology (HTCH) Tops Q3 EPS by 7c

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Hutchinson Technology Reports Third Quarter Results

July 29, 2016 8:30 AM EDT

Net Cash as Defined by Merger Agreement Totals $50.7 Million at Quarter End

Federal Trade Commissions Review of Pending Merger Continues

HUTCHINSON, Minn., July 29, 2016 (GLOBE NEWSWIRE) -- Hutchinson Technology Incorporated (NASDAQ: HTCH) (HTI) today reported net sales of $53.2 million for its fiscal third quarter ended June 26, 2016 compared with $54.2 million in the preceding quarter.  Suspension assembly shipments for the quarter totaled 81.0 million compared with 85.4 million in the preceding quarter.  Average selling price increased from $0.57 in the preceding quarter to $0.59, due to dual-stage actuated (DSA)... More