Altera Corporation (NASDAQ:ALTR) recently released its Q3 results post closing on Wall Street. The company has seen earnings of around $0.37 per share for the three month period which ended on September 30th, the total revenue for this period stands at $445.9 million. Analysts expected earnings of 34 cents per share from this semiconductor making company and the expected revenue was slated to be around $452 million. In comparison to the same period from 2012 the company made 49 cents a share totaling the revenue at around $495 million.
Altera Corporation has recently been struggling to keep up the share prices. This is because the semiconductor market has become highly competitive in the last few years. Companies from Asia have broken out into international markets and they offer cheaper prices which have led to a fall in share prices for companies like Altera. The company is undergoing a transformation in order to expand its business and to kick start earnings again. The expected earnings for the company for the year 2013 is around $1.41 which continues the trend of decline since 2011 and 2012 when the earnings per share were at $2.35 and $1.72 respectively.
The company has been on a low ever since the start of this year. Despite early gains of around 9% since the 1st of January 2013, it has still lagged behind on a wider index. The declining earnings in recent years is also a factor in the performance of the company this year. Analysts are keenly waiting for the company brass to announce strategies that they plan to employ to help improve revenues in the coming future. As one of the well known semi conductor manufacturers, the Altera Corporation has its work cut out for the upcoming fourth quarter and the following year.
