Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON

MarketScreener Homepage  >  Equities  >  Nasdaq  >  Altera Corporation    ALTR

ALTERA CORPORATION

(ALTR)
SummaryQuotesChartsNewsCompany 
News SummaryMost relevantAll newsPress ReleasesOfficial PublicationsSector newsAnalyst Recommendations

Altera Corporation : Altera Updates Fourth Quarter Revenue Guidance, Issues 2013 Guidance

share with twitter share with LinkedIn share with facebook
share via e-mail
12/04/2012 | 04:20pm EST

SAN JOSE, Calif., Dec. 4, 2012 /PRNewswire/ -- Altera Corporation (NASDAQ: ALTR) today announced updated fourth quarter 2012 revenue guidance and key guidance elements for 2013.

(Logo: http://photos.prnewswire.com/prnh/20101012/SF78952LOGO)

The company currently expects that revenue for the fourth quarter will be 8 to 10 percent lower than third quarter levels. Prior guidance was for a decline of 6 to 10 percent. Sales of the company's new products are expected to grow sequentially but that growth will be more than offset by lower sales of the company's older products.

Fourth quarter results will be released after the market close on January 23, 2013.

2013 Guidance
During the fourth quarter, the company typically issues key guidance elements for the following year. Data for 2013 appears in the following table:

     Gross Margin
                                                          69% to 70%
     Research and Development Approximately             $404 million
     SG&A                           "                   $315 million
     Other Income/Expense           "       Expense of $1 million
     Tax Rate                       "                     13% to 14%
     Capital Expenses               "                    $65 million

Today's Conference Call
A conference call will be held today at 1:45 Pacific Time to discuss Altera's 2013 guidance. A web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.

Forward-Looking Statements
Statements in this press release that are not historical are "forward-looking statements" as the term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements are generally written in the future tense and/or preceded by words such as "will," "expects," "anticipates," or other words that imply or predict a future state. Forward-looking statements include, but are not limited to, projections of revenue and sales of the company's new and older products, as well as all financial information included in the 2013 guidance. Investors are cautioned that all forward-looking statements in this release involve risks and uncertainty that can cause actual results to differ from those currently anticipated, due to a number of factors, including without limitation, current global economic conditions, customer business environment, customer inventory levels, vertical market mix, market acceptance of the company's products, changes in demand during the remainder of fourth quarter 2012 and in 2013 for the company's new products including Cyclone(® )IV, Arria(®) II, Arria V, Stratix(®) IV,( )and Stratix V FPGAs, MAX(®) V CPLDs and HardCopy(® )IV device families, as well as other risk factors discussed in documents filed by the company with the Securities and Exchange Commission (SEC) from time to time. Copies of Altera's SEC filings are posted on the company's website and are available from the company without charge. Forward-looking statements are made as of the date of this release, and, except as required by law, the company does not undertake an obligation to update its forward-looking statements to reflect future events or circumstances.

About Altera
Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.

ALTERA, ARRIA, CYCLONE, HARDCOPY, MAX, MEGACORE, NIOS, QUARTUS and STRATIX words and logos are trademarks of Altera Corporation and registered in the U.S. Patent and Trademark Office and in other countries. All other trademarks and service marks are the property of their respective holders as described at www.altera.com/legal.

    INVESTOR CONTACT             MEDIA CONTACT
    ----------------             -------------
    Scott Wylie - Vice President Sue Martenson - Senior Manager
    Investor Relations           Public Relations
    (408) 544-6996               (408) 544-8158
    swylie@altera.com            newsroom@altera.com
    -----------------            -------------------

SOURCE Altera Corporation


© PRNewswire 2012
share with twitter share with LinkedIn share with facebook
share via e-mail
Latest news on ALTERA CORPORATION
02/24Altair names Gilma Saravia new Chief People Officer
GL
02/06Altair to Announce Fourth Quarter and Full Year 2019 Financial Results on Feb..
GL
02/05Altair to Present at the Goldman Sachs Technology and Internet Conference
GL
02/03Altair Now Accepting Global Submissions for the 8th Annual Altair Enlighten ..
GL
01/09Altair to Present at 22nd Annual Needham Growth Conference
GL
01/06Altair Acquires newFASANT, Further Expanding High-Frequency Electromagnetics ..
GL
2019Altair to Present at 2019 RBC Global Technology, Internet, Media, and Telecom..
GL
2019Altair acquires DEM Solutions, Expanding Solver Portfolio into Discrete Eleme..
GL
2019Altair Announces Third Quarter 2019 Financial Results
GL
2019Altair to Announce Third Quarter 2019 Financial Results on November 7, 2019
GL
More news