Chipmaker Altera expects 4th-qtr sales to fall 8-10 pct sequentially

Tue Dec 4, 2012 4:40pm EST

Dec 4 (Reuters) - Programmable chipmaker Altera Corp raised the lower end of its expected revenue decline range for the fourth quarter due to the lower sales of its older products.

It expects sales to fall 8 to 10 percent from the preceding quarter. It had previously forecast a 6 to 10 percent decline.

Altera shares fell 2 percent after closing at $32.18 on the Nasdaq on Tuesday.

A couple walks along the rough surf during sunset at Oahu's North Shore, December 26, 2013. REUTERS/Kevin Lamarque

Find your dream retirement town

Florida? Hawaii? Reuters has teamed up with Zillow to give you the power to customize a list of your best places to retire.  Video | Full Article