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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.