GT Solar (SOLR $12.96 +0.77) raised its first quarter earnings
guidance to approx. $0.30, well above the $0.14 Capital IQ Consensus Estimate up
from prior $0.08 to $0.11. The company also raised its revenue guidance to $225
million versus the $154.7 million Capital IQ Consensus Estimate, up from prior
guidance of $140 million to $150 million.
The company reiterated its earnings guidance to $1.55 to $1.85 versus the $ 1.76
consensus and sees revenue at $1.0 billion to $1.1 billion versus the $899
million consensus.
In addition, given the significant number of orders it has received thus far in
the first quarter of fiscal 2012, the company now expects its backlog at the end
of fiscal 2012 to be at least $1.6 billion. Previously, it had estimated its
backlog would be above $1 billion at the end of fiscal 2012.






