Hutchinson Technology Reduces Loss In Q1 - Quick Facts

(RTTNews) - Hutchinson Technology Incorporated (HTCH) Wednesday posted a loss of $9.9 million or $0.32 a share for the first quarter, including a $4.3 million loss on debt extinguishment. This compares to last year's loss of $15.3 million or $0.55 a share.

The company recorded an adjusted loss per share of $0.13 for the first quarter, whereas 3 analysts polled by Thomson Reuters had expected loss per share of $0.14. Analysts' estimates typically exclude one-time items.

Sales for the quarter rose to $72.4 million from $70.3 million last year, while analysts' revenue consensus for the quarter was $71.9 million.