The maker of programmable logic devices reported net income for the latest third quarter of $118 million, or 28 cents a diluted share, in line with the 23-analyst
First Call/Thomson Financial
consensus estimate. The company earned $55.6 million, or 13 cents a share, in the same period a year ago.
Altera reported sales of $395.4 million for the third quarter, up from $215.1 million in the year-ago quarter.