GT Advanced Technologies (GTAT) Posts Q1 Loss of 22c/Share; Affirms Outlook

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Go back to GT Advanced Technologies (GTAT) Posts Q1 Loss of 22c/Share; Affirms Outlook

Goldman Sachs Comments on GT Advanced Tech's (GTAT) Q1

May 8, 2014 9:02 AM EDT

Goldman Sachs maintained a Buy rating on GT Advanced Tech (NASDAQ: GTAT). Comments follow Q1 results. Analyst Brian Lee views results as mixed.

Lee said:

"Analysis

(1) Lower-than-expected revenue. 1Q14 revenue of $22.5mn was below our $28.5mn view as strong PV/sapphire sales of $13.2mn/$5.6mn (vs. our... More