Atmel posts 2Q net profit, beating expectations

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SAN JOSE, Calif. (AP) ? Atmel Corp., a manufacturer of microcontrollers behind mobile touch-screens, said Wednesday that it posted $90.9 million in net profit in the second quarter, reversing a loss from a year ago that was weighed down by a charge associated with the sale of its manufacturing operations in France.

Net income in the three months through June 30 amounted to 19 cents per share, compared to a net loss of $36.4 million, or 8 cents per share, a year ago.

Excluding charges for stock-based compensation and other items, adjusted earnings came to 26 cents per share, beating the 22 cents expected by analysts polled by FactSet.

Revenue rose 22 percent to $478.6 million from $393.4 million a year ago, also beating the $475.8 million expected by analysts.

Atmel technology has been used in Samsung’s Galaxy S II and Infuse 4G smartphones as well as Motorola’s Droid 3 and Nokia’s E6.

Shares fell 41 cents, or 3.5 percent, to $11.48 in after-hours trading following the release of results, after closing up 35 cents, or 3 percent, at $11.89 in the regular session on Wednesday.