Boston, MA 06\/18\/2014 (wallstreetpr) \u2013 A global thermal processing equipment supplier to the alternative energy markets, BTU International (NASDAQ:BTUI)<\/b> has boosted its revenue forecast for the second quarter from its earlier guidance. It was just enough to lift the sentiments of investors to allow the stock to post a strong gain on Tuesday.<\/p>\n
Revenue Outlook Increased<\/b><\/p>\n
The BTU International (NASDAQ:BTUI) is looking for revenue of $16.0 – $17.0 million for the second quarter, up from its earlier guidance of $14.0 – $15.0 million. BTU International attributed the increased revenue forecast to the strong bookings in its electronics assembly business and revenue associated with it after the company announced its guidance on April 29 during the announcement of the first quarter financial results.<\/p>\n
The current revenue outlook represents an increase of 14.3 \u2013 13.3% from the previously announced revenue guidance of $14.0 – $15.0 million for the second quarter.<\/p>\n
The latest revenue forecast is also significantly higher than the first quarter revenue. In effect, the company is looking to generate sequential revenue uptick of 36.75 \u2013 45.3%. This is much stronger than the 6.3% growth achieved in the first quarter when compared to the preceding quarter.<\/p>\n
However, the company has not disclosed anything on its gross margins, which was affected in the first quarter due to factory under absorption in the U.S. compared to the full absorption in its China factory.<\/p>\n
1Q Results<\/b><\/p>\n
BTU International (NASDAQ:BTUI) suffered a net loss of $1.8 million or a loss of 19 cents a share for the first quarter, narrower than a net loss of $3.1 million or a loss of 33 cents a share in the previous year quarter. Net sales grew 11.3% to $11.7 million from $10.5 million in the year-ago quarter.<\/p>\n
Stock Price<\/b><\/p>\n
As a result of increased revenue forecast, shares of the BTU International (NASDAQ:BTUI) gained as much as 31.2% to $3.62 during the intra-day trading on Tuesday before settling with a gain of 10.5% at $3.05. The volume of 93.7K shares on Tuesday was significantly higher than the average three month volume of 6K shares.<\/p>\n","protected":false},"excerpt":{"rendered":"
Boston, MA 06\/18\/2014 (wallstreetpr) \u2013 A global thermal processing equipment supplier to the alternative energy markets, BTU International (NASDAQ:BTUI) has boosted its revenue forecast for […]<\/p>\n","protected":false},"author":12,"featured_media":26190,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[7406,7405,7407],"stock_ticker":[],"class_list":["post-26189","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-btu-international","tag-btu-international-nasdaqbtui","tag-nasdaqbtui","entry"],"acf":[],"yoast_head":"\n