Extract
Altera Announces Third Quarter Results.
SAN JOSE, Calif. -- Altera Corporation (Nasdaq:ALTR) today announced third quarter sales of $264.6 million, up 26% from the third quarter of 2003 and down 2% from the second quarter of 2004. Sales of the company's new products grew 25% sequentially and were up 212% versus the prior year's third quarter.
Third quarter net income was $83.1 million, $0.22 per diluted share, up 90%, versus net income of $43.8 million, $0.11 per diluted share, in the third quarter of 2003. Gross profit margin was 69.4% for the third quarter of 2004 versus 68.7% for the third quarter of 2003. Net income was favorably impacted by a one-time ta...See the full content of this document
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