Market Overview

Altera Updates Q4 Revenue Outlook

Related ALTR
Jefferies Is Buying Intel, Calls Its China Investment 'Brilliant'
4 Semiconductor Stocks Disappointing Goldman Sachs

Altera (NASDAQ: ALTR) cut its fourth-quarter revenue forecast.

Altera now projects Q4 sales to drop 8% to 10% versus the third quarter. The company had earlier expected a fall of 6% to 10%.

Altera is expected to report Q4 results on January 23. For next year, it projects expects gross margin of 69% to 70%.

Altera shares gained 0.25% to $32.26 in after-hours trading.

Posted-In: revenueNews Guidance


Related Articles (ALTR)

View Comments and Join the Discussion!

Get Benzinga's Newsletters