GT Advanced Technologies Posts Q2 Loss - Quick Facts

(RTTNews) - GT Advanced Technologies Inc. (GTAT) Monday reported second-quarter loss of $86.38 million or $0.63 per share, compared to a profit of $11.95 million or $0.10 per share in the same period last year.

Adjusted loss for the quarter was $0.16 per share. On average, nine analysts polled by Thomson Reuters expected the company to report a loss of $0.14 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues decreased to $58.0 million from $168.3 million last year. Analysts expected revenues of $63.94 million.

Looking ahead to the fiscal year 2014, the company currently projects earnings in the range of $0.12 to $0.18, the higher-end of the previously provided guidance. Revenues are projected in the order of $600 million to $700 million, the lower-end of the prior guidance.

Analysts currently expect the company to report full-year earnings of $0.03 per share on revenues of $666.80 million.