Altera Corp. (ALTR) Tops Q4 EPS by 1c; Sees Q1 Sales Down 1-5% Sequentially

January 25, 2011 4:18 PM EST
Altera Corp. (NASDAQ: ALTR) reported Q4 EPS of $0.72, $0.01 better than the analyst estimate of $0.71. Revenue for the quarter came in at $555.1 million versus the consensus estimate of $547.63 million.

Sees Q1 sales down 1-5% from Q4. Sees Q1 gross margin of 71% to 72%.

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