Atmel Q2 Profit Meets Estimate - Quick Facts

(RTTNews) - Atmel Corp. (ATML) Wednesday reported second-quarter net income of $13.0 million or $0.03 per share, compared to $0.8 million or $0.00 per share last year.

Excluding items, adjusted earnings for the quarter were $25.3 million or $0.06 per share, compared to $37.4 million or $0.08 per share a year ago. On average, sixteen analysts polled by Thomson Reuters estimated earnings of $0.06 per share. Analysts' estimates typically exclude special items.

Revenues for the quarter were $347.82 million, down 6% from $368.20 million in the comparable quarter last year, while seventeen analysts expected revenues of $349.05 million for the quarter.

During the quarter, Atmel repurchased 2.0 million of its common shares at an average price of $7.00 per share.