logo
Share SHARE
FONT-SIZE Plus   Neg

ATMI Q1 Profit Slips

ATMI Inc. (ATMI) Wednesday reported a decline in profit for the first quarter, due mainly to lower revenues.

The Danbury, Connecticut-based company reported a first-quarter net profit of $3.86 million or $0.12 per share, compared to $8.01 million or $0.25 per share last year. On average, six analysts polled by Thomson Reuters expected the company to earn $0.19 per share for the quarter. Analysts' estimates typically exclude special items.

Total revenues for the quarter dropped 8 percent to $92.57 million from $100.72 million in the prior-year quarter. Four analysts had a consensus revenue estimate of $97.19 million for the quarter.

Chief Financial Officer Tim Carlson said, "We had $2.3 million of SDS integration, transition and operational spending during the quarter and anticipate completing the China business transition during the second quarter. Once completed, we anticipate incremental revenues of $7 million to $8 million per quarter and $0.08 to $0.09 of incremental quarterly earnings per diluted share as compared to our pre-transaction run-rate."

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Internet access is growing worldwide, but there is still a long way to go before the entire world is completely wired, a study from the Pew Research Center has found. The study also noted that men have greater access to the Internet than women in many nations. Backtracking on its early announcements on digital privacy, WhatsApp is planning to share member information, phone numbers and analytical data with Facebook, to make revenue from the platform. Discount retailers Dollar Tree Inc. and Dollar General Corp. both reported results for the second quarter that missed analysts' expectations. Looking ahead, Dollar Tree also forecast revenue for the third quarter below analysts' estimates and lowered its full-year revenue outlook. Shares of both companies are falling in pre-market activity.
comments powered by Disqus
Follow RTT