Tuesday, May 12, 2009

GT Solar Q4 profit falls 59 pct; shares slide (SOLR)

The stock was down a nickle during regular trade and is getting whacked after hours, down 15%.*
From Reuters:

* Q4 shr $0.08 vs $0.20 last yr

* Sees FY shr $0.45 to $0.60

* Q4 gross margins fall to 28 pct

* Shares fall 15 pct

May 12 (Reuters) - GT Solar International Inc (SOLR.O) on Tuesday reported a 59 percent drop in quarterly profit, and the solar equipment maker also forecast full-year profit below market view, sending its shares down as much as 15 percent....MORE

*As Briefing.com via MSN Money put it:

GT Solar misses by $0.05, misses on revs; guides FY10 EPS below consensus, revs below consensus...