ATI Reports Preliminary Third-Quarter Results
MARKHAM, Ontario, Jun 06, 2005 (BUSINESS WIRE) -- ATI Technologies Inc. (ATY)(ATYT) today announced that revenues for the third quarter of fiscal 2005 are expected to be about $530 million(1), approximately 5% below the low end of the revenue range provided on March 24, 2005. Gross margin is expected to be approximately 29%. Operating expenses, excluding the costs associated with stock-based compensation, are expected to be about $143 million........
ATI will report its fiscal 2005 third quarter financial and operating results on June 23, 2005. We will provide additional information, including a more detailed quarterly review and outlook, during our regularly scheduled conference call on that date.
ATI stock dropped almost 5% today to $13 a 12-month low while NVDA is at $27.35 about $0.5 from it's 12-month high.
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