ATMI Q2 Profit Down, Misses Estimates - Quick Facts

(RTTNews) - ATMI, Inc. (ATMI), a technology company, Wednesday reported a decrease in net income for the second quarter, on lower revenues, particularly from Microelectronics segment. Earnings per share also missed estimates.

For the three-month period, the company reported net income of $9.4 million or $0.29 per share compared with $11.4 million or $0.35 per share during the comparable quarter last year.

On average, five analysts polled by Thomson Reuters expected earnings per share of $0.34 for the quarter. Analysts' estimates typically exclude one-time items.

The company clocked in revenues of $102 million compared with $105.9 million generated during the same quarter last year. Analysts estimated the company to report revenues of $107.93 million.

Chief Executive Officer Doug Neugold said,"..Within Microelectronics, we view the market as generally tepid. Leading edge foundries continue to be strong, while there were meaningful wafer start declines in the logic space, which impact certain of our product lines..."With growing uncertainty around consumer electronic demand trends, the outlook for wafer starts is being tempered as we look into the second half of the year."