More on Altera (ALTR): Q2 beats across the board despite weak revenues. Net profit fell 24% Y/Y...

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

More on Altera (ALTR): Q2 beats across the board despite weak revenues. Net profit fell 24% Y/Y on a sharp dip in revenue from the previous year, but the company says it's seen a turnaround, citing new product revenue growth compared with the previous quarter, and strength in its telecom and wireless markets. For the current quarter, the company is targeting revenue up 2% to 6% from the latest quarter, indicating sales of $474M to $493M. Analysts are forecasting revenue of $471M. Shares +9.4%