Altera Earnings Preview: Revenue, Earnings Expected to Fall from Previous Quarter

Altera ALTR earnings are coming up! Don't miss out: The company unveils its next round of earnings this Tuesday, July 19, 2011.

Wondering what to expect from Altera's lastest earnings numbers? We thought so. Here's an advanced look at the company's second quarter earnings report.

Let's Do the Numbers:

Based on estimates, investors are readying for a positive EPS reading of 64 cents per share and revenues of $548.7 million. Can Altera manage the estimated 130% rise in EPS and 117% increase in revenues as analysts are predicting? We'll have to wait until Tuesday to find out.

Here's how the company's reported EPS has stacked up against analyst estimates in the past:

Quarter	Q1	Q4	Q3	Q2
EPS Estimate	65 cents	71 cents	65 cents	53 cents
EPS Actual	68 cents	72 cents	69 cents	58 cents

Stock Performance:

As of July 13, 2011, Altera's current share price was $43.66. Shares are up 23.1% year to date.

Average Stock Rating:

The average rating by analysts for Altera is a Moderate Buy.

Competitors:

Looking for a sympathy stock to trade or interested in the performance of other companies in the same sector? Take a look at some of Altera's peers.

• Broadcom BRCM: Moderate Buy with a $0.40 recent quarter EPS
• Cypress Semiconductor CY: Moderate Buy with a $0.14 recent quarter EPS
• Microsemi MSCC: Moderate Buy with a $0.37 recent quarter EPS
• Texas Instruments TXN: Moderate Buy with a $0.57 recent quarter EPS

Altera is in the logic development industry, which has experienced price/earnings growth of 1.4%.

Finally, a description of the main business areas of the company, in case you need a little refresher: Altera Corp. designs and manufactures programmable logic devices, HardCopy ASIC devices, pre-defined design building blocks, cores and associated development tools.

Take Action:

That's your advanced look at Altera's upcoming earnings numbers -- be ready to take quick action if the company's report contains any surprises. Also, check back in with us after the announcement for a full recap and what-to-do-next guide.

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