Altera Corp (ALTR) Tops Q1 EPS by 5c

April 24, 2014 4:16 PM EDT

Altera Corp (NASDAQ: ALTR) reported Q1 EPS of $0.37, $0.05 better than the analyst estimate of $0.32. Revenue for the quarter came in at $461.1 million versus the consensus estimate of $437.97 million.

"The quarter exceeded our expectations as stronger than anticipated Chinese LTE deployments drove wireless sales," said John Daane, president, chief executive officer, and chairman of the board. "We are now shipping Arria 10 FPGAs that offer more logic capacity than any other 20 nm FPGA and speeds that exceed the prior generation high end. Simultaneously, we are making solid progress in the development of our Stratix 10 devices, which use Intel's 14 nm Tri-gate process plus a new FPGA logic architecture to deliver performance twice that of our current high-end FPGA, with vastly more logic resources, lower power and cost."

For earnings history and earnings-related data on Altera Corp (ALTR) click here.

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