Atmel Corp (ATML) Tops Q1 EPS by 2c; Guides Q2 Revs Below the Street

Atmel Corp (NASDAQ: ATML) reported Q1 EPS of $0.11, $0.02 better than the analyst estimate of $0.09. Revenue for the quarter came in at $316.9 million versus the consensus estimate of $315.2 million.

Atmel Corp sees Q2 2015 revenue of $310-326 million, versus the consensus of $336.82 million.

"We are well positioned in attractive markets for long-term growth and profitability, with a renewed emphasis on our core businesses, sharper focus on our traditional end markets, and a substantially improved operating model generating consistent positive cash flow," said Steve Laub, Atmel's President and Chief Executive Officer. "Our lower cost structure should allow us to deliver significantly improved profitability throughout the remainder of 2015."

For earnings history and earnings-related data on Atmel Corp (ATML) click here.

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