{"id":20423,"date":"2014-04-28T10:20:08","date_gmt":"2014-04-28T14:20:08","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=20423"},"modified":"2014-04-28T10:20:08","modified_gmt":"2014-04-28T14:20:08","slug":"altera-corporation-nasdaqaltrs-revenue-augmented-by-chinese-lte-deplyoments","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/altera-corporation-nasdaqaltrs-revenue-augmented-by-chinese-lte-deplyoments-20423","title":{"rendered":"Altera Corporation (NASDAQ:ALTR)\u2019s Revenue Augmented By Chinese LTE Deplyoments"},"content":{"rendered":"<p style=\"text-align: justify;\"><em>Boston, MA 04\/28\/2014 (wallstreetpr) &#8211;\u00a0<\/em>After moving up for about 4%, the shares of <strong>Altera Corporation (NASDAQ:ALTR)<\/strong> fell by nearly 3% after the programmable chip maker released its first quarter earnings per share and revenue report.<\/p>\n<p style=\"text-align: justify;\"><b>First-Quarter Review<\/b><\/p>\n<p style=\"text-align: justify;\">Altera Corporation (NASDAQ:ALTR)&#8217;s revenue for the period of three months ended on March 31, 2014, increased 12% over the last year to $461 million, as the earnings per share came in at $0.37 per share. The market consensus for the numbers was at revenues of $438 million and earnings per share of $0.32. The company&#8217;s CEO John Danne noted that stronger than expected results of the company is accredited to its solid than expected Chinese LTE deployments.<\/p>\n<p style=\"text-align: justify;\">Additionally, its revenue is divided among various segments, where Telecom &amp; Wireless segment contributed 45% towards sales and grew 23% year-over-year. Industrial, military, automotive segments indicated areas of strength. However, the Networking, Computer and Storage segments witnessed weakness during this period, majorly due to softer-than-expected demand for computers and an equally weak demand from suppliers for flash storage systems. On the basis of regions revenues, AsiaPacific recorded highest growth of 24% year-over year, followed by Japan and EMEA, which accounted for 18% and 11% growth respectively. On the contrary, America showed a languished growth recording a decline of 13%.<\/p>\n<p style=\"text-align: justify;\"><b>Better Guidance<\/b><\/p>\n<p style=\"text-align: justify;\">Altera anticipated the second quarter revenue to be in the range of 2-6% from that of the first quarter level of $461.1 million. This means a growth in between $470-$488.8 million, which is higher than the analyst estimate of $461.3 million consensus. For the June quarter, Altera expects revenue to grow at a pace of 13.7% year-over-year, which is the midpoint of its guidance. Altera forecasts gross margin of approximately 67.0% in the second quarter. In terms of expenses, Altera Corporation (NASDAQ:ALTR)\u00a0expects Research and development expenses to be in between $104.0-$106.0 million, while selling, general and administrative expenses are likely to be in the range of $78.0 million and $80.0 million.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 04\/28\/2014 (wallstreetpr) &#8211;\u00a0After moving up for about 4%, the shares of Altera Corporation (NASDAQ:ALTR) fell by nearly 3% after the programmable chip maker [&hellip;]<\/p>\n","protected":false},"author":12,"featured_media":20425,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[3682,3684],"stock_ticker":[],"class_list":["post-20423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-altera-corporation-nasdaqaltr","tag-nasdaqaltr","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - 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