Key Developments For Altera Corporation
Altera Corporation (ALTR.O) (Nasdaq)
Altera Corporation Issues Q4 2009 Revenue Outlook Above Analysts' Estimates; Declares Dividend
Altera Corporation announced that for the fourth quarter of 2009, it expects sequential sales growth of 6% to 10%. The Company reported sales of $286.6 million in the third quarter of 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $290 million for the fourth quarter of 2009. The Company also announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share payable on December 1, 2009 to stockholders of record on November 10, 2009.
Altera Corporation Raises Q3 2009 Revenue Guidance
Altera Corporation announced that, based on quarter-to-date results and a broad improvement in market conditions, the Company now expects third quarter 2009 sales to be in a range of flat to up 3% from the second quarter 2009. Previous guidance had been for sales to decline 1% to 5% sequentially. The Company reported sales of $279.2 million in the second quarter of 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $271.63 million for the third quarter of 2009.
Altera Corporation Announces Availablity Of The Arria II GX FPGA Development Kit.
Altera Corporation announced the availability of the Arria II GX FPGA Development Kit. The kit features hardware and software resources that enable customers to evaluate and adopt Arria II GX devices, Altera's mid-range 40-nm FPGAs, for implementing a wide range of digital functions in communications, broadcast, computer and storage, test and measurement, medical and military applications.
Altera Corporation Declares Quarterly Cash Dividend
Altera Corporation announced that its Board of Directors has declared a quarterly cash dividend of $0.05 per share payable on September 1, 2009, to stockholders of record on August 10, 2009.
Altera Corporation Issues Q3 2009 Revenue Outlook Below Analysts' Estimates
Altera Corporation announced that for the third quarter of 2009, it expects sequential sales growth to be down 1% to 5%. The Company reported sales of $279.2 million in the second quarter of 2009. According to Reuters Estimates, analysts on an average were expecting the Company to report revenue of $279.2 million for the third quarter of 2009.
