Altera Corp. (ALTR) reported net income for the fourth quarter of $103.0 million, $0.34 per share, compared to $83.0 million, $0.28 per share, for the year-ago quarter.
Sales for the fourth quarter rose 16% to $365.00 million from $314.54 million in the prior year quarter.
Analysts polled by Thomson Reuters expected the company to earn $0.29 per share on reevnue of $334.88 million for the fourth quarter.
Looking forward, the company said first quarter sales to grow between 5% to 10% sequentially.
For comments and feedback contact: editorial@rttnews.com
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.