Hutchinson Tech (HTCH $2.27) announced that it's expecting to see
third quarter revenue to be approx. $72 million, above the $66.57 million
Capital IQ Consensus Estimate.
The company shipped approx.118 million suspension assemblies in the third
quarter, up 15% quarter/quarter.
The company said, "our shipments over the last 9 weeks of our third quarter
averaged ~10 million suspensions per week, and we expect this pace to continue
into the fourth quarter. As a result, we currently expect our fourth quarter
shipments to exceed our third quarter shipments. It appears that demand has
shifted to some customer programs where we have stronger positions, and we
believe that we are beginning to regain market share. We are leveraging
available capacity to respond to the additional customer demand."






