ATMI Earnings: Here’s Why the Stock is Up Now

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ATMI Inc. (NASDAQ:ATMI) delivered a profit and missed Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are up 0.72%.

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ATMI Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 62.5% to $0.26 in the quarter versus EPS of $0.16 in the year-earlier quarter.

Revenue: Rose 7.38% to $99.4 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: ATMI Inc. reported adjusted EPS income of $0.26 per share. By that measure, the company missed the mean analyst estimate of $0.30. It missed the average revenue estimate of $99.46 million.

Quoting Management: “We achieved solid revenue growth, despite a challenging demand environment in Microelectronics, due to growth in implant and strong demand for single-use biopharmaceutical products,” said Chief Executive Officer Doug Neugold. “Implant benefitted from a full quarter of the SDS Direct transaction, which was transitioning during the first quarter of last year. This was partially offset by material-usage improvements by our customers in copper materials, resulting in modest Microelectronics growth. LifeSciences growth was strong, climbing 24 percent on increased equipment and consumable sales.”

Key Stats (on next page)…

Revenue decreased 0.71% from $100.11 million in the previous quarter. EPS decreased 18.75% from $0.32 in the previous quarter.

Looking Forward: Analysts have a neutral outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings is a profit of $0.36 and has not changed. For the current year, the average estimate has moved down from a profit of $1.52 to a profit of $1.50 over the last ninety days.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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