ATMI Q3 Profit Down - Quick Facts

(RTTNews) - ATMI, Inc. (ATMI), a technology company, Wednesday reported a decrease in third-quarter net income, that missed the Street estimates, reflecting lower revenues.

For the three-month period, the company reported net income of $8.4 million or $0.26 per share, compared with $14.4 million or $0.44 per share last year.

The year ago results included $4.5 million non-recurring items. On average, four analysts polled by Thomson Reuters expected the company to report earnings per share of $0.32 for the quarter. Analysts' estimates typically exclude one-time items.

Revenues decreased to $100.2 million, from prior year's $108.8 million. Analysts expected the company to generate revenues of $105.22 million for the quarter.

"Throughout 2013 we have taken steps to better align our organization, which will also improve our cost structure. We anticipate the benefit from these actions to begin during the fourth quarter of this year." the company said.