Altera, Linear Technologies expected to post lower Q3 profits, revenue
Posted by: admin in Industry NewsFiled under: Earnings reports, Forecasts, Industry
In addition to Intel Corp.’s (NASDAQ: INTC) third quarter earnings release, chip makers Altera Corp. (NASDAQ: ALTR) and Linear Technology Corp. (NASDAQ: LLTC) are expected to post results Tuesday after the market closes as well. (Also see our Intel earnings preview.)
For the three months that ended in September, analysts surveyed by Thomson Reuters anticipate Altera to report that its net income fell 38.7% from a year ago to $0.19 per share. Revenue for the period is expected to be 20.6% lower to $283.3 million, which is in line with recently raised guidance. Altera has met or topped earnings estimates in the past five quarters, beating by as much as a nickel per share. The long-term EPS growth forecast is 14.4%, which is superior than that of competitors Intel and Texas Instruments Corp. (NYSE: TXN).
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Altera, Linear Technologies expected to post lower Q3 profits, revenue originally appeared on BloggingStocks on Tue, 13 Oct 2009 12:10:00 EST. Please see our terms for use of feeds.
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