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ATMI Q1 Profit Slips

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4/25/2012 12:36 PM ET

ATMI Inc. (ATMI: Quote) 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."

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by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

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Starbucks Corp. said Thursday after the markets closed that its second quarter profit rose 9.4% from last year, helped by higher revenue. The company's quarterly earnings per share came in line with analysts' expectations, but its quarterly revenue fell short of analysts' forecast. The world's largest specialty coffee retailer also raised its full year earnings outlook. Software giant Microsoft Corp. said Thursday after the markets closed that its third quarter profit fell 6.6% from last year, when results were boosted by special upgrade offer revenues. However, the company's quarterly earnings per share came in above analysts' expectations as did its quarterly revenue. Apple Inc. said Wednesday after the markets closed that its second quarter profit rose 7% from last year, as sales surged and margins improved amid strong sales of its iPhones. The company's quarterly earnings per share also came in above analysts' expectations as did its quarterly revenue. At the same time, the company gave a slightly downbeat revenue forecast for the current quarter.
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