NEW YORK (TheStreet) -- GT Advanced Technologies (GTAT) rose in after-hours trading Monday after the company reported second-quarter earnings and issued full-year guidance that beat analysts' expectations.
The company reported an adjusted loss of 16 cents a share on revenue of $58 million. Analysts had expected a loss of 22 cents a share on revenue of $63.94 million.
GT Advanced Technologies also issued full-year guidance of earnings in a range of 12 cents to 18 cents a share on revenue in a range of $600 million to $700 million. Analysts are expecting EPS of 3 cents on revenue of $666.8 million.
The stock was up 12.04% at 4:25 p.m.GTAT data by YCharts