Altera News Update: Q2'08 Financial Announcement

Altera Q2 revenue up 7% and beat the its forecast of 4%



Highlight:
Gross margin improved to 67.1 percent from 64.6 percent. This boost up Net Profit Margin to 27.2%.

Altera repurchased 65,000 shares during the quarter for $1.4 million.

It also declared a quarterly dividend of 5 cents a share to shareholders on record on Aug. 11.

Outlook:

Third-quarter sales to be flat to down 3 percent sequentially (359.9 mil to 349.1 mil).

On average, analyst surveyed by Thomson Financial forecast revenue of $350.5 million.