NEW YORK (Reuters) - Solar equipment maker GT Solar International Inc on Wednesday reported higher-than-expected quarterly earnings and said its backlog of orders had risen to record levels, lifting its share price.
Net income for the fiscal first-quarter ended July 2 was $52.1 million, or 41 cents per share, compared with $16.5 million, or 11 cents per share, a year ago.
Wall Street analysts, on average, had been expecting earnings of 31 cents per share, according to Thomson Reuters I/B/E/S.