Altera (ALTR) drops 4.3% AH after warning Q4 revenue will decline 13%-16% Q/Q, worse than prior...

|About: Altera Corporation (ALTR)|By:, SA News Editor

Altera (ALTR) drops 4.3% AH after warning Q4 revenue will decline 13%-16% Q/Q, worse than prior guidance for a 7%-11% drop. The company, which previously claimed its sales weakness was due to oversized inventory drawdowns, blames its guidance cut on a deteriorating revenue outlook "across all major vertical markets," thanks to macro issues and weaker-than-expected customer sales.