This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

GT Advanced Technologies (GTAT) Climbs After Reiterating Guidance

Stocks in this article: GTAT

NEW YORK ( TheStreet) -- GT Advanced Technologies (GTAT) was climbing higher on Tuesday after Goldman Sachs initiated coverage at a "buy" and as the company's management reiterated its financial guidance.

By late morning, shares had added 7.7% to $16.20.

After the bell Monday, GT Advanced Technologies said it had delayed the filing of its 10-K form, an annual summary of its financial performance as required by the SEC. The company said the delay was because it had not yet completed an internal review of a potential decrease in current tax liability.

Management confirmed the resolution will not have an impact on previously issued guidance and financial results reported on Feb. 24.

The SEC permits an extension to file the 10-K by March 18.

The New Hampshire-based business said it expects revenue and profitability to be backend loaded in 2014, with its sapphire materials business improving throughout the year.

The company expects net income between 2 cents and 18 cents a share for the full year. Analysts surveyed by Thomson Reuters forecast net income of 9 cents a share. Total sales guidance of $600 million to $800 million is in line with consensus of $687.82 million.

Must Read: Vipshop Holdings Posts Stellar Fourth Quarter

Tuesday Fun-One: From Brands to Blockbusters: 17 Winners and Losers

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,805.41 +127.51 0.76%
S&P 500 1,964.58 +13.76 0.71%
NASDAQ 4,483.7150 +30.9230 0.69%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs