Atmel Corp. Reveals 30% Fall In Q3 Bottom Line

(RTTNews) - Atmel Corp. (ATML) reported a profit for third quarter that fell from last year.

The company said its bottom line totaled $34.7 million, or $0.08 per share. This was lower than $49.8 million, or $0.12 per share, in last year's third quarter.

Analysts had expected the company to earn $0.08 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 23.5% to $286.5 million. This was down from $374.5 million last year.

Atmel Corp. earnings at a glance:

-Earnings (Q3): $34.7 Mln. vs. $49.8 Mln. last year. -Earnings Decline (Y-o-Y): -30.3% -EPS (Q3): $0.08 vs. $0.12 last year. -EPS Decline (Y-o-Y): -33.3% -Analysts Estimate: $0.08 -Revenue (Q3): $286.5 Mln vs. $374.5 Mln last year. -Revenue Change (Y-o-Y): -23.5%

-Guidance: Next quarter revenue guidance: $266 - $286 Mln