This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Atmel, Perceptron: After-Hours Trading

Stocks in this article: ATML PRCP SWIR DIS MOTR MMM WFC

NEW YORK ( TheStreet) -- Shares of Atmel (ATML - Get Report) surged in late trades on Tuesday after the San Jose, Calif.-based maker of microcontrollers and other electronic component products reported better-than-expected quarterly earnings.

After the closing bell, the company posted an adjusted profit of $119.5 million, or 25 cents a share, for the three months ended Dec. 31, on revenue of $457.8 million, up 33% year-over-year and 3% on a sequential basis. The average estimate of analysts polled by Thomson Reuters was for a profit of 16 cents a share in the December period for revenue of $436.1 million.

The company said its gross margin was 49.5% in the fourth quarter, its highest level since the third quarter of 1996, and up from 46.8% in the third quarter and 37% in last year's fourth quarter. Atmel cited increased volumes, an improved mix of higher margin products, and its divestiture of its Smart Card business for the better gross margins.

The stock was last quoted at $15.38, up 4.9%, on volume of 1.4 million, according to Based on their regular session close at $14.66, the shares are up more than 200% in the past 52 weeks. Of the 13 analysts covering the stock, 10 are at either strong buy (6) or buy (4).


Perceptron (PRCP - Get Report) was on the rise in extended trading after Plymouth, Mich.-based maker of commercial and industrial measurement and inspection products reported a surprise quarterly profit.

The company said it earned $1 million, or 13 cents a share, on sales of $16.3 million in the three months ended Dec. 31. A single analyst polled by Thomson Reuters was looking for a loss of 2 cents a share on revenue of $13.5 million in the quarter.

The stock leapt 19% to $6.98 in after-hours action on volume of roughly 20,000. Year-to-date, the shares have risen more than 60%.

Perceptron attributed the strong results in its fiscal second quarter to the performance of its industrial business unit, which turned in its best sales performance since its fourth quarter of fiscal 2007. The company finished the quarter with bookings of $18.3 million, up from $14.7 million at the same time last year.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Jim Cramer and Stephanie Link reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

Jim Cramer's protégé, David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
Try it NOW
Try it NOW
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

Jim Cramer's protégé, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!


DOW 17,191.37 -195.84 -1.13%
S&P 500 2,002.16 -27.39 -1.35%
NASDAQ 4,637.9940 -43.5030 -0.93%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs