Atotech Ltd Down 2.16% To $22.21 After Earnings

Atotech Ltd (ATC) said before open Tuesday that it broke even in quarter two 2022.

In the same quarter a year ago, the company earned $0.29 per share on revenue of $376.6 million.

The stock is down 2.16% to $22.21 after the report.

Atotech Ltd's profit margins maintained as both earnings and revenue declined at the same pace.

The average recommendation from Wall Street analysts was a Sell which may get revised based on this new data.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Prior to the report, InvestorsObserver gave the stock an overall score of 49. Meanwhile, the average Wall Street analyst rated the stock a Sell.

Atotech Ltd is a provider of specialty electroplating solutions. It also delivers equipment and service to technology applications. The company's products used in smartphones, communication infrastructure, cloud computing infrastructure, computing and consumer electronics, automotive electronics, and automotive surface finishing. The firm operates in two business segments: Electronics and General Metal Finishing. The EL segment supplies chemistry, production equipment, and comprehensive services to the electronics industry including printed circuit board manufacturers, package substrate makers, and semiconductor companies. The GMF segment supplies chemistry, production technology, and comprehensive services to the surface finishing industries.