Atmel Posts Profit In Q4

(RTTNews) - Atmel Corp. (ATML) Monday announced a profit of $4.7 million $0.01 per share compared to a loss of $6.5 million $0.02 per share last year. On an adjusted basis, earnings were $24.9 million or $0.06 per share.

On average, 14 analysts polled by Thomson Reuters expected the company to earn $0.07 per share. Analysts estimates usually exclude special items.

Net revenue of the quarter declined 24 percent to $261.282 million from $354.954 million in the previous year. Wall Street expected $271.88 million.

The company said it will no longer be providing forward-looking guidance, in view of the pending acquisition by Microchip.