Atmel Corp (ATML) Tops Q1 EPS by 1c

Atmel Corp (NASDAQ: ATML) reported Q1 EPS of $0.07, $0.01 better than the analyst estimate of $0.06. Revenue for the quarter came in at $337.4 million versus the consensus estimate of $325.7 million.

"Our microcontroller business performed better than seasonal and continues to benefit from the investments in new product introductions including devices related to the Internet of Things which are driving increasing revenue as the number of microcontrollers connected to the Internet grows extensively," said Steve Laub, Atmel's President and Chief Executive Officer. "We are confident that our ongoing operational initiatives will significantly enhance our profitability throughout the remainder of the year."

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

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