April 25, 2013 / 8:59 PM / 4 years ago

Chipmaker Altera's quarterly revenue below expectations

SAN FRANCISCO (Reuters) - Altera Corp posted revenue slightly below expectations in the first quarter and the programmable chipmaker said it was beginning to see a recovery from a dip in demand from its communications and industrial customers.

Altera said on Thursday its first-quarter sales were $410.5 million, up 7 percent from the year-ago quarter.

It projected sales in the current quarter to be between flat and up 4 percent compared to the first quarter.

Analysts on average expected first-quarter sales of $414 million and second-quarter sales of $449 million, according to Thomson Reuters I/B/E/S.

In the first quarter, Altera had net income of $120 million, on 37 cents a share, compared to $116 million, or 35 cents a share, in the year-ago quarter.

Reporting By Noel Randewich. Editing by Andre Grenon

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below