UPDATE 1-GT Solar Q2 EPS may meet or beat Street; names CEO

Mon Nov 2, 2009 3:30pm GMT
 
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* Sees Q2 EPS $0.06-$0.07 vs est of $0.06

* Sees Q2 revenue $100 mln-$105 mln vs est of $86.8 mln

* Names Tom Gutierrez as CEO * Reaffirms FY 2010 outlook

* Shares up 5.5 pct

Nov 2 (Reuters) - Solar equipment maker GT Solar International Inc (SOLR.O) forecast a second-quarter profit that could meet or beat analyst estimates and appointed Tom Gutierrez as its new chief executive, succeeding Tom Zarrella.

GT Solar forecast earnings in the range of 6 cents to 7 cents a share for the quarter ended Sept. 26. Analysts on average were looking at 6 cents a share, according to Thomson Reuters I/B/E/S.

However, the company forecast revenue for the quarter in the range of $100 million to $105 million, above analysts' estimates of $86.8 million.

The company also reaffirmed its earnings outlook for the fiscal year at 45 to 60 cents a share, with revenue in the range of $450 million to $550 million.

Analysts on average were looking for GT Solar to earn 50 cents a share, on revenue of $505.7 million for the fiscal year.  Continued...

 

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