Altera Corp. (ALTR) Tops Q1 EPS by 3c; Guides Q2 Revs Growth; Declares $0.06 Quarterly Dividend; 0.5% Yield

April 26, 2011 4:19 PM EDT
Altera Corp. (NASDAQ: ALTR) reported Q1 EPS of $0.68, $0.03 better than the analyst estimate of $0.65. Revenue for the quarter came in at $535.8 million versus the consensus estimate of $536.63 million.

Altera's board of directors has declared a quarterly cash dividend of $0.06 per share payable on June 1, 2011 to stockholders of record on May 10, 2011.

The dividend yields 0.5%.

Sees Q2 revs growth of flat to up 5 percent.

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