Bloomberg News

GT Advanced Rises on Second-Half Sales Forecast: Boston Mover

August 06, 2013

GT Advanced Technologies Inc. (GTAT:US), a U.S. supplier of manufacturing equipment for solar and energy-efficient lighting products, gained after saying second-half sales will increase.

GT Advanced advanced 5.6 percent to $5.47 at the close in New York, the most since July 30.

In the third and fourth quarters of this year “we do expect a real pickup in order rates,” Chief Executive Officer Tom Gutierrez said on a conference call today.

Second-quarter sales for the Merrimack, New Hampshire-based company increased less than 1 percent to $168.3 million from a year earlier. GT Advanced reiterated yesterday that full-year revenue would be $500 million to $600 million.

To contact the reporter on this story: Justin Doom in New York at jdoom1@bloomberg.net

To contact the editor responsible for this story: Reed Landberg at landberg@bloomberg.net


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