Altera Lower Ahead of Earnings

Published on Monday, 23 January 2012 13:36 Written by Christopher Lynn

New York, January 23rd (TradersHuddle.com) - Shares of Altera Corporation (NASDAQ:ALTR) are trading lower by -1.36% ahead of its quarterly earnings release. Altera, the maker of programmable logic devices is expected to release its quarterly results on January 24^th.

Wall Street Analysts consensus calls for a profit of $0.42 a share on $447.51 million revenue.

Altera estimates have a range of $0.1 a share. The high estimate calls for profit of $0.48 a share and the low estimate is calling for a profit of $0.38 a share, a year ago for the quarter the company reported $0.72 a share.

Altera Corporation (NASDAQ:ALTR) designs, manufactures, and markets programmable logic devices and associated development tools. The Company's products, include a variety of programmable logic devices and hardcopy application-specific integrated circuits. Altera serves customers primarily in the communications, computer and storage, industrial, and consumer sectors