Don't let it get away!
Keep track of the stocks that matter to you.
Help yourself with the Fool's FREE and easy new watchlist service today.
Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.
What: Shares of GT Advanced Technologies (Nasdaq: GTAT ) experienced a power outage today and fell 11% after the company reported earnings.
So what: Revenue rose 30% to $353.9 million and the company reported a profit of $79.1 million, or $0.69 per share, but it wasn't enough. Analysts had expected revenue to be $393.5 million and earnings per share of $0.71.
Now what: Guidance of $1.30 to $1.40 in earnings also fell below estimates, but let's take a step back here. Despite the incredible oversupply of solar products in the market GT is still making a profit and shares are now trading at an absolutely ridiculous 3.4 times earnings at the top end of guidance. Also consider that the company had $350.9 million in cash and $75 million in debt to end the quarter. This is a screaming buy in my eyes.
Interested in more info on GT Advanced Technologies? Add it to your Watchlist.