Why GT Advanced Technologies (GTAT) Stock Is Up in After-Hours Trading Today

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.

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The stock was up 12.04% at 4:25 p.m.

GTAT Chart GTAT data by YCharts

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Editor's Note: Any reference to TheStreet Ratings and its underlying recommendation does not reflect the opinion of TheStreet, Inc. or any of its contributors including Jim Cramer or Stephanie Link.

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