Altera Updates Q4 Revenue Outlook

Altera 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.
Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Posted In: NewsGuidancerevenue
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!