Altera Corp. (ALTR) reported net income for the first quarter of $120.2 million or $0.37 per share, compared to $115.8 million or $0.35 per share for the year-ago quarter.
First quarter sales rose 7% to of $410.50 million from $383.75 million in the same quarter last year.
Analysts polled by Thomson Reuters expected the company to earn $0.33 per share on revenue of $413.75 million for the first quarter.
Looking forward, the company aid it expects second quarter sales to be flat to up 4% sequentially.
Gross margin for the second quarter is expected to be 69% +/- .5%.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.