UPDATE 1-ATMI Q1 results beat estimates

* Q1 adj EPS $0.25 vs $0.20 est

* Q1 rev $85.3 mln vs $82.2 mln est

April 21 (BestGrowthStock) – Semiconductor materials supplier ATMI
Inc (ATMI.O: ) posted better-than-expected quarterly results,
helped by higher demand for consumer electronics and increased
utilization of its manufacturing units.

For the first quarter, the company earned $8.7 million, or
27 cents a share, compared with a loss of $18.4 million, or 59
cents a share.

The latest first-quarter earnings include a one-time
benefit of 2 cents a share associated with an investment gain
and a tax adjustment.

Revenue more than doubled to $85.3 million, partly due to
strength in ATMI’s life sciences products.

Analysts expected the company to earn 20 cents a share,
excluding items, on revenue of $82.2 million, according to
Thomson Reuters I/B/E/S.

Shares of the company closed at $20.99 Tuesday on Nasdaq.

Stock Market Today

(Reporting by Manasi Phadke in Bangalore; Editing by Aradhana

UPDATE 1-ATMI Q1 results beat estimates