Altera (ALTR) Posts Q3 EPS of $0.69, Tops by 4c; Declares $0.06 Quarterly Dividend; 0.8% Yield; Sees Sequential Sales Growth of 3 - 6%

October 19, 2010 4:18 PM EDT
Altera (Nasdaq: ALTR) reports Q3 EPS of $0.69, 4 cents better than the analyst estimate of $0.65. Revenue for the quarter was $527.5 million, which compares to the estimate of $525.98 million.

Altera's board of directors has declared a quarterly cash dividend of $0.06 per share payable on December 1, 2010 to stockholders of record on November 10, 2010. The ex-dividend date is November 8, 2010.

Yield on the dividend is 0.8%.

Sees sequential sales growth of 3% - 6%.

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