Goldman Sachs Comments on GT Advanced Tech's (GTAT) Q1
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GT Advanced Technologies (GTAT) Posts Q1 Loss of 22c/Share; Affirms Outlook
May 7, 2014 4:45 PM EDTGT Advanced Technologies (NASDAQ: GTAT) reported Q1 EPS of ($0.22), $0.01 worse than the analyst estimate of ($0.21). Revenue for the quarter came in at $22.5 million versus the consensus estimate of $26.94 million.
"Our results for the March quarter were in line with our expectations," said Tom Gutierrez, president and chief executive officer. "We continue to expect that 2014 will be a transformational and significant year for GT as our sapphire materials business ramps up and we continue to execute on our strategy of investing in new technologies that will help drive growth in 2015 and... More
