Atmel Sees Fourth-Quarter Revenue Rising 7%-8% Sequentially

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Semiconductor company

Atmel

(ATML)

reiterated its fourth-quarter outlook and said it expects sequential revenue growth of 7% to 8%, amid healthy business conditions and strong demand for its products.

Four analysts polled by

First Call/Thomson Financial

expect fourth-quarter revenue of $573 million, compared with $388.7 million last year. Revenue totaled $530.4 million in the third quarter. Wall Street also expects the company to post earnings of 18 cents a share in the fourth quarter, up from 8 cents a share in the same period last year.

Shares of the San Jose, Calif., company were recently unchanged at $10.69 in

Nasdaq

trading.