Atmel Q2 Profit Misses Estimates; Revenue Down 14% - Quick Facts

(RTTNews) - Atmel Corporation (ATML), a leader in microcontroller and touch solutions, reported second quarter net income of $6.3 million or $0.02 per share compared to $19.2 million or $0.05 per share for the second quarter of 2014. Non-GAAP net income for the second quarter of 2015 totaled $33.7 million or $0.08 per share.

On average, 18 analysts polled by Thomson Reuters expected the company to report profit per share of $0.10 for the quarter. Analysts' estimates typically exclude special items.

Revenue was $306.4 million, 14% lower compared to $355.5 million for the second quarter of 2014. Non-GAAP revenue was $306.3 million. Analysts expected revenue of $318.98 million for the quarter.

For third quarter, 2015, the company expects revenue between $283 and $303 million. Analysts expect the company to report revenue of $336.82 million.