ATMI Down on Warning

By TSC Staff ,

ATMI (ATMI) was down 10.7% in preopen Island trading after the company warned late Tuesday its second-quarter earnings will be between 1 cent and 5 cents a share, compared to the consensus estimate of 12 cents published by Thomson Financial/First Call.

The semiconductor materials maker said revenue will be about 20% lower than the year-ago period's $71.1 million, with full-year revenue about 10% to 15% lower than 2000.

ATMI added that demand for is expected to increase in the second half, and earnings for the rest of the year are expected to grow beyond second-quarter levels.

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