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Altera Corp Raises Low End Of Prior Q4 2012 Revenue Guidance To A Range In Line With Analysts' Estimates
Altera Corporation announced that for the fourth quarter of 2012, it expects revenue to be 8% to 10% lower than third quarter of 2012 levels. Prior guidance was for a decline of 6% to 10%. The Company reported revenue of $495.01 million in the third quarter of 2012. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report revenue of $455 million for the fourth quarter of 2012.
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