Extract
Altera Reports Third Quarter Results.
Business Editors/High-Tech Writers
SAN JOSE, Calif.--(BUSINESS WIRE)--Oct. 22, 2001 Altera Corporation (Nasdaq: ALTR) today announced third quarter earnings of $0.05 per diluted share, meeting First Call consensus estimates. Earnings per diluted share were $0.28 in the third quarter of 2000. Net income for the third quarter of 2001 was $20.9 million versus $118.0 million net income in the prior year's third quarter. Third quarter sales of $174.2 million were down 19% from the previous quarter and down 56% from the same period last year, consistent with prior guidance. Altera repurchased 2.5 million shares of its common stock during the quarter at a cost of $63.5 million. Altera ended the quarter with $750.7 million of cash. "This quarter's financial performance was in line wit...See the full content of this document
Sponsored links
