Altera Corp. (ALTR: Quote) reported fourth quarter net income of $0.37 per share after the bell Wednesday, down from $0.45 per share in the previous year. Revenues decreased 4% from the prior year result to $439.4 million. The consensus estimates were for EPS of $0.39 and revenues of $450.72 million. The stock is now down 1.48 on 24K shares.
Altera declined until mid-morning Wednesday and finished with a loss of $0.33 at $35.18. The stock closed near the middle of a 3-week range.
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by RTT Staff Writer
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