* Fourth-quarter EPS $0.31 vs est $0.30
* Revenue $454.4 mln vs est $442.1 mln
* Shares rise 4 pct in post-market trading
Jan 23 Altera Corp reported
better-than-expected fourth-quarter results, helped by higher
sales of its new programmable chips.
Altera's shares were up 3 percent in extended trading after
closing at $32.93 on the Nasdaq on Thursday.
The company's fourth-quarter revenue rose 3 percent to
$454.4 million from a year earlier.
New products accounted for 47 percent of the total revenue,
Chief Financial Officer Ronald Pasek said in a post-earnings
Net income fell to $98.9 million, or 31 cents per share, in
the quarter ended Dec. 31, from $120.8 million, or 37 cents per
share, a year earlier.
Analysts on average had expected earnings of 30 cents per
share on revenue of $442.1 million, according to Thomson Reuters
Altera also said it expected revenue in the current quarter
to be down 2 to 6 percent from the preceding three months.
This would imply revenue within a range of $427 million to
$445.5 million. Analysts on average were expecting revenue of
Finance chief Pasek said 28 nanometer revenue is expected to
rise about 30 percent in the current quarter from the fourth
Revenue from 28 nanometer chips was $44 million in the
fourth quarter, an increase of 33 percent from the third
Rival Xilinx on Tuesday forecast current-quarter revenue
largely below Wall Street's estimates, hurt by weak sales to
telecom, aerospace and defense customers.