Hutchinson Q1 Revenue Down 7%

Published: 30 January 2008
 by Staff
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HUTCHINSON, MN - Hutchinson Technology reported first quarter 2008 results, with revenue of $173 Million and earnings per share (EPS) of $0.14, down 7% quarter over quarter, with revenue hurt by desktop share losses and some orders being pulled into the September quarter, resulting in lower December sales.

Management blamed some of the weak first quarter results on the pull-in of roughly 10 million units into the September quarter, but adjusting for this units were still down 2% quarter over quarter.
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