Atmel Q3 Adj. Profit Meets Estimate - Quick Facts

(RTTNews) - Atmel Corp. (ATML) Wednesday reported third-quarter net income of $5.4 million or $0.01 per share, compared to $21.6 million or $0.05 per share last year.

Excluding items, adjusted earnings for the quarter were $37.7 million or $0.09 per share, compared to $43.0 million or $0.10 per share a year ago. On average, sixteen analysts polled by Thomson Reuters estimated earnings of $0.09 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter were $356.27 million, down 1% from $360.99 million in the comparable quarter last year, while sixteen analysts expected revenues of $357.10 million for the quarter.

During the quarter, Atmel repurchased 4.6 million of its common shares at an average price of $7.52 per share.