Aug 4 (Reuters) - Solar and LED equipment maker GT Advanced Technologies Inc raised the lower end of its full-year 2014 adjusted profit forecast, citing higher gross margins for the second half of the year.
Shares of the company, which reported second-quarter results below analysts' estimates, were up 12 percent in extended trading at $15.84."They made a deal with Apple in December and there was speculation that the deliveries might be significantly delayed," Gilford Securities analyst Nimal Vallipuram said.
"It looks like there is no significant change in their relationship with Apple.".... "Sapphire material sales to Apple have low gross margins so if you reduce that then equipment sales has higher gross margin, and they (GT Advanced) are seeing pretty high demand for sapphire equipment," Pacific Crest Securities analyst Weston Twigg said.
The company also said it expects to meet certain operational targets and receive the final $139 million prepayment from Apple by the end of October 2014.
FORECAST UPBEAT
GT Advanced on Monday raised the lower end of its full-year profit forecast to 12-18 cents per share, up from the previous range of 2-18 cents. The revised forecast handily beat average analysts' expectation of 3 cents per share, according to Thomson Reuters I/B/E/S.
http://www.cnbc.com/id/101893458
H73 bleib du mal lieber weg hier ,das ist nix für deine Nerven,geh mal schön zu deinen Solaris.Heute wird sie weiter steigen wegen der Aussichten und weil sich nichts geändert hat bei Sapphire mit Apple.Ausserdem ist ja da noch der grosse Auftrag mit dem Solarwerk in Katar,der kommt sicher noch in die Bilanz |