Atmel Corp. (ATML) reported a third-quarter net loss of $17.5 million or $0.04 per share compared to a net loss of $4.7 million or $0.01 per share last year.
Non-GAAP net loss was $4.0 million or $0.01 per share compared to profit of $42.6 million or $0.09 per share last year.
On average, 7 analysts polled by Thomson Reuters expected the company to report a loss of $0.02 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues were $317.7 million compared to $400.0 million last year. Analysts expected revenue of $303.60 million for the quarter.
For the fourth quarter of 2009, the company expects revenue will increase 3%-7% on a sequential basis.
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