GT Advanced Rises on Second-Half Sales Forecast: Boston MoverJustin Doom
GT Advanced Technologies Inc., a U.S. supplier of manufacturing equipment for solar and energy-efficient lighting products, gained after saying second-half sales will increase.
GT Advanced advanced 5.6 percent to $5.47 at the close in New York, the most since July 30.
In the third and fourth quarters of this year “we do expect a real pickup in order rates,” Chief Executive Officer Tom Gutierrez said on a conference call today.
Second-quarter sales for the Merrimack, New Hampshire-based company increased less than 1 percent to $168.3 million from a year earlier. GT Advanced reiterated yesterday that full-year revenue would be $500 million to $600 million.