Altera Corporation (NASDAQ:ALTR) reported on Thursday that it still anticipates its revenue to moved up 14 to 18% in the Q2 evaluated against the first quarter.
The Chipmaker company estimate implies revenue of $437.5 million to $452.8 million. Altera reported that it looks for growth in mainly markets, comprising strong progress in 28-nanometer and 40-nanometer products.
FactSet analysts on average anticipated revenue of $445.9 million.
Altera Corporation had $548.4 million in revenue in the Q2 of 2011, and its guidance suggests sales would move down 17 to 20% from previous year.
Shifting readers focus to broader market, let’s consider market performance of other stocks that significantly affect same sector. Xilinx, Inc. (NASDAQ:XLNX) fell -1.05% to settle at $32.14, Lattice Semiconductor (NASDAQ:LSCC) moved down -3.18% to end at $4.57 while QuickLogic Corporation (NASDAQ:QUIK) jumped +4.59% to finish on Thursday at $2.28.
Altera Corporation (NASDAQ:ALTR) last session volume of 6.26 million shares was surprisingly higher than its average volume of 4.46 million shares. The stock after opening at $34.04 hit high price of $34.55 and then closed at $33.01 by scoring -2.24%.
ALTR generated revenue of 1.91 billion in the following twelve months and earned $662.48 million. The Company showed a positive 34.64% in the net profit margin and as well as in its operating margin which remained 37.57%. Company’s annual sales growth for the past five year was 9.94%.
The ALTR past twelve months price to sales ratio was 5.57 and price to cash ratio remained 3.01. As far as the returns are concern, the ALTR return on equity was recorded as 23.15% and increased 19.68% return on investment while its return on asset stayed at 15.82%.
The stock showed weekly downbeat performance of -1.20% which was maintained for the month at -1.58%. Likewise the negative performance for the quarter was recorded as -11.57% and for the year was -24.87% while the YTD performance remained at -10.64%.
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