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Altera's Net Slips
Altera's(ALTR Quote) bottom line fell by a third in the fourth quarter, but the company managed to outpace Wall Street expectations.
Shares of Altera were up 4.5%, or 76 cents, at $17.65 in extended trading Thursday.
The programmable chipmaker posted a net income of $65.5 million, or 20 cents a share, vs. $99.9 million, or 27 cents a share, at this time last year.
The average analyst expectation called for Altera to earn 17 cents a share, according to Thomson Financial. ...
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