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Technology Stocks : Altera
ALTR 53.61+1.3%Jul 7 5:00 PM EST

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From: Gaffer4/16/2008 4:36:24 PM
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Altera reports 12% jump in first-quarter profit

By Benjamin Pimentel
Last update: 4:22 p.m. EDT April 16, 2008
SAN FRANCISCO (MarketWatch) -

Altera Corp. (ALTR:Altera Corporation ALTR 19.21, +1.10, +6.1%) reported first-quarter net income of $83.9 million, or 27 cents a share, compared to net profit of $75.1 million, or 21 cents a share, for the year-earlier period.

Revenue was $336.1 million, up from $304.9 million.

Analysts had expected the company to report earnings of 23 cents a share on revenue of $327.45 million, according to a survey by FactSet Research.
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