Atmel Q3 In Line; Shares Fall After Hours

posted in-line third-quarter results Wednesday while its gross margin widened to 47 percent from 40 percent a year earlier. The San Jose, California-based micro-control company's share price fell 3 percent in the extended session recently to $7.01 a share. Atmel didn't immediately offer an outlook, but said cash from operations fell to $43.9 million in the recent period, from $82.1 million a year earlier. Third-quarter net income grew to $17.3 million or $0.04 cents a share, from $5.4 million or $0.01 a share a year earlier. Adjusted income equaled $0.12 cents a share. Revenue grew 5 percent to $374.5 million from $356.3 million last year. Analysts expected $0.12 cents a share on revenue of $371.6 million.