Atmel Reports Third Quarter 2015 Financial Results

Go back to Atmel Reports Third Quarter 2015 Financial Results

Each Segment Down Q/Q as Atmel Corp (ATML) Guided; Canaccord Genuity Cuts Price Target to $8.85

October 29, 2015 10:17 AM EDT

Canaccord Genuity maintained a Hold rating on Atmel (NASDAQ: ATML), and cut the price target to $8.85 (from $9.50), following the company's 3Q earnings results. Atmel reported Q3/15 results with below consensus sales of $286.5M and inline non-GAAP EPS of $0.08. Each segment was down Q/Q as guided.

Analyst Matthew Ramsay commented, "Atmel reported Q3/15 results with revenue below... More

Atmel Corp (ATML) Reports In-Line Q3 EPS, Q4 Revenue Guidance Comes in Light

October 28, 2015 4:13 PM EDT

Atmel Corp (NASDAQ: ATML) reported Q3 EPS of $0.08, in-line with the analyst estimate of $0.08. Revenue for the quarter came in at $286.5 million versus the consensus estimate of $292.95 million.

Atmel Corp sees Q4 2015 revenue of $266-286 million, versus the consensus of $297.7 million.

Non-GAAP gross margin... More