Atmel (ATML) Lower Friday Following Cut Q4 Sales Outlook
ATML Hot Sheet
EPS Growth %: -69.2%Financial Fact:
Net revenues: 357.84M
Today's EPS Names:
TARO, BRLI, TLB, More
Atmel Corp. (Nasdaq: ATML) shares are indicated for a lower open Friday following preliminary fourth-quarter sales numbers issued late Thursday.
Atmel issued preliminary fourth-quarter sales of $384 million, which came in below the Street estimate of $412.05 million. The company had previously expected Q4 sales of about $403 million to $422 million.
Shares look to be down about 6.2 percent, with the last trade crossing at $9.41.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
Atmel issued preliminary fourth-quarter sales of $384 million, which came in below the Street estimate of $412.05 million. The company had previously expected Q4 sales of about $403 million to $422 million.
Shares look to be down about 6.2 percent, with the last trade crossing at $9.41.
Get immediate access to market moving news and alerts with StreetInsider.com Premium - FREE TRIAL!
You May Also Be Interested In
- Savient Pharma (SVNT) Moves Higher with Volatility; Bumps Up Against Key Resistance Point
- DryShips (DRYS) Trading Higher on Volatility, New Analyst Coverage
- Morgan Stanley (MS) Shares Pressured on Questionable Facebook (FB) Tactics; Hits Fresh 6-Month Low
Create E-mail Alert Related Categories
Guidance, Insiders' Blog, Momentum MoversSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
