Key Developments For Hutchinson Technology Incorporated
Hutchinson Technology Incorporated (HTCH.O) (Nasdaq)
Hutchinson Technology Incorporated Issues Q4 2009 Revenue Guidance In Line With Analysts' Estimates
Hutchinson Technology Incorporated announced that for fourth quarter of 2009, it expects net income to be near breakeven on net sales of $100 to $107 million. According to Reuters Estimates, analysts were expecting the Company to report revenue of $100 million for the fourth quarter of 2009.
Hutchinson Technology Incorporated Issues Q4 2009 Revenue Outlook Above Analysts' Estimates
Hutchinson Technology Incorporated announced that for fourth quarter of 2009, it expects a single-digit percentage decline in net sales. The Company reported revenues of $106.1 million in third quarter of 2009. According to Reuters Estimates, analysts were expecting the Company to report revenues of $86.5 million for fourth quarter of 2009.
Assistance Publique Hopitaux De Paris (AP-HP) Selects Hutchinson Technology Incorporated's Technology To Provide Noninvasive Tissue Oxygenation Monitoring
Hutchinson Technology Incorporated announced that it has signed a two-year tender authorizing it to sell its InSpectra StO2 Tissue Oxygenation Monitoring System to the 37 French hospitals belonging to the Assistance Publique Hopitaux De Paris (AP-HP).
Hutchinson Technology Incorporated To Reduce Workforce At Eau Claire And Wisconsin Components Operation
Hutchinson Technology Incorporated announced that it is planning to further reduce the workforce at its Eau Claire, Wisconsin components operation by approximately 100 employees.
Hutchinson Technology Incorporated Announces Closure of Sioux Falls and South Dakota Facility
Hutchinson Technology Incorporated announced that it will close its Sioux Falls, South Dakota facility as part of its effort to restructure the Company and reduce costs. The Sioux Falls operation assembles the suspension assembly components that are produced at the Company's other facilities and employs approximately 300 full-time employees. The Company will offer severance and other benefits to the affected employees.
