logo
Share SHARE
FONT-SIZE Plus   Neg

Altera Q1 Results Miss Estimate - Quick Facts

Altera Corp. (ALTR) reported net income for the first quarter of $115.8 million $0.35 per share, compared to $224.1 million $0.68 per share for the year-ago quarter.

First quarter sales fell 28% to $383.75 million from $535.81 million a year ago.

Analysts polled by Thomson Reuters expected the company to earn $0.36 per share on revenue of $422.70 million for the first quarter.

Looking forward, the company expects second quarter sales to rise 14% to 18% sequentially.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
General Motors (GM) announced on Wednesday that it has been approved to voluntarily delist from the Toronto Stock Exchange. The auto giant reassured its shareholders that the TSX delisting will not impact its current listing on the New York Stock Exchange. Subsequent to the bankruptcy filing of German no frills airline Air Berlin (AIBEF.PK), Lufthansa airline is strongly pursuing to acquire Air Berlin. Meanwhile, Ryanair, its Irish rival, accused conspiracy in the deal and said that the acquisition move will breach the existing competition rules in Germany in general and EU in particular. The Royal Bank of Scotland plans to cut 880 jobs from its IT department in London by 2020, a UK labor union reported. Britain's Unite union claimed on Tuesday that the bank informed its staff about a further 40 percent cut of permanent IT jobs, which is said to be part of ongoing deep cost-cutting at the taxpayer-owned bank. The bank also plans a 65 percent reduction of contractors.
comments powered by Disqus
Follow RTT