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Posted December 18. 2012 1:04PM

GT Advanced slides after 2013 forecast misses estimates

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GT Advanced tumbled 11 percent to $3:07 at 10:30 a.m. in New York. Earlier it declined to $2.86, the lowest intraday since Jan. 2, 2009. “We expect that the current situation of over-capacity, price cost imbalance, and limited liquidity will continue to impact our customers and our financial performance through 2013 and potentially, into 2014,” Chief Executive Officer Tom Gutierrez said