Altera Benefits from “Beat & Raise” (ALTR)

Posted: July 15, 2008 at 4:03 pm

Altera Corp. (NASDAQ: ALTR) reported earnings of $0.32 EPS on a 7.1% revenue gain to $359.9 million.  First Call consensus estimates were $0.27 and $346.7 million.  It also issued upside guidance for Q3 with revenue growth at "flat to down 3%" or about $349 to 360 million versus $350.5 million estimates. 

Altera also closed up 1% in normal trading and its shares are up over 7% additional at $20.60 in after-hours.  Its 52-week trading range is $16.21 to $26.24.

Jon C. Ogg
July 15, 2008

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