4:22PM Altera misses by $0.02, misses on revs; guides Q1 revs below consensus ( ALTR) 35.18 -0.33 : Reports Q4 (Dec) earnings of $0.37 per share, $0.02 worse than the Capital IQ Consensus Estimate of $0.39; revenues fell 4.0% year/year and 11% sequentially to $439.4 mln vs the $451.0 mln consensus. Co issues downside guidance for Q1, sees Q1 revs down 4-8% sequentially which computes to $404-422 mln vs. $462.6 mln Capital IQ Consensus Estimate.
"While our new products had a double-digit sequential growth quarter, sales of our older products were soft-the result of a sluggish global economy...Sales of 40 nm devices, our largest selling process node, and where we are the market leader, are likely to strengthen further as we progress through 2013. At the most advanced process node, 28 nm, Altera remains the design-win value leader, giving us a substantial growth opportunity as these customer designs transition into production."
4:21PM Altera and Mouser sign worldwide distribution agreement ( ALTR) 35.18 -0.33 : Co announced the signing of a worldwide distribution agreement with Altera Corporation, the pioneer and preeminent global supplier of programmable logic ICs. Through this agreement, Mouser becomes an authorized global distributor of Altera FPGAs, CPLDs, development tools, intellectual property cores and development kits. |
