Nelly Shishkova

Hutchinson Technology Incorporated (NASDAQ:HTCH) Starts The Week At Top Speed

by Nelly Shishkova August 31, 2010

According to its quarterly financial report, revenues and gross profit of the company have decreased, while the net loss got higher. HTCH has registered more assets than liabilities on its balance sheet, however, it has long-term debt to cover, which has increased during the second quarter of this year. Though cash and cash equivalents of HTCH have decreased, the company projects a higher profit by the end of 2010.

Still, as there is no present news on Hutchinson Technology, the investors may be just about to see what's to happen with the stock.

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