NEW YORK (TheStreet) -- Atmel (ATML) shares are down 7.14% to $7.80 in trading on Thursday despite the company beating analysts' fourth quarter earnings expectations as it also reported a net profit loss for the period after the closing bell yesterday.

The company reported a net loss of $6.5 million in the fourth quarter after reporting a profit during the same period last year. However, adjusted for one time losses and other expenses the company reported earnings of 12 cents per diluted share, beating analysts expectations by one cent per share.

Revenue of $346 million for the period failed to meet analysts' $347 million expectations.

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TheStreet Ratings team rates ATMEL CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation:

"We rate ATMEL CORP (ATML) a HOLD. The primary factors that have impacted our rating are mixed - some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its compelling growth in net income, revenue growth and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including relatively poor performance when compared with the S&P 500 during the past year and weak operating cash flow."

Highlights from the analysis by TheStreet Ratings Team goes as follows:

ATML Chart ATML data by YCharts

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