HUTCHINSON, Minn.--(BUSINESS WIRE)--Hutchinson Technology Incorporated (Nasdaq:HTCH) today reported net income of $18.6 million, or $0.62 per diluted share, on net sales of $199.9 million for its fiscal fourth quarter ended September 30, 2007. Results for the fiscal 2007 fourth quarter included a favorable income tax adjustment of $9.2 million related to the company’s deferred tax assets. Excluding this favorable income tax adjustment, net income for the fiscal 2007 fourth quarter would have been $9.4 million, or $0.32 per diluted share.
