Altera Corp. (ALTR) reported first quarter net income of $0.35 per share after the close Thursday, down from $0.68 per share in the previous year. The consensus estimate was for EPS of $0.36.
Altera declined during the first half hour of trade Friday and fell further going into the close. The stock closed lower by 3.25 at $35.25 on the highest volume of the year. Altera dropped below a 2-week range and set a 4-month low.
For comments and feedback contact: editorial@rttnews.com
Business News
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.