Atmel Estimates Performance of Fourth Quarter, iPad Rival’s Sales Is Low
As this news influence, Atmel stock price is traded most falls 8% after the NASDAQ plate on Tuesday. Atmel stock price is closing in 10.29 US dollars on Tuesday.
Regarding the fourth quarter of this year achievement, Atmel estimats its earning will surround compared to drops 12%-16%, between 402,700,000 US dollars - 421,900,000 US dollars, which is lower than analyst's expeciation 484,200,000 US dollars.
Atmel currently provides maXTouch chips for Apple iPad rival Samsung (microblogging), Dell (microblogging), they expected fourth quarter gross margin from the third quarter 50.1% to 47.5% -48.5%.
However considered maXTouch chip sales volume for intelligence machine manufacturer will be higher than expeciation, Atmel upward its maXTouch chip whole year earning before 350,000,000 US dollars to 375,000,000 US dollars.
In the third quarter of this year, Atmel earned $479.4 million, adjusted earnings per share is 26 cents. Analysts estimats average expeciation is that Atmel revenue is $483.8 million and earnings per share is 20 cents.
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