Sales at Altera ( ALTR) jumped 14% sequentially, topping the Street's expectations and the company's own guidance. The programmable-logic chipmaker did not release its earnings or a detailed quarterly update Monday because it is still reviewing its accounting for past stock-options grants. The company is one of several dozen that have been caught up in the stock options backdating scandal. Still, investors cheered the good news on the sales front. In recent after-hours exchanges, Altera's stock was up $1.07, or 6.6%, to $17.40. In the second quarter, Altera posted $334.1 million in sales. That was up from sales of $292.8 million in the first quarter and from $285.5 million in the year-ago period . Analysts had predicted that the company would post sales of $318.1 million in the quarter, according to Thomson First Call. In May, the company reaffirmed its prior guidance that sales for the quarter would range from $313.4 million to $322 million. The company's newer products led the way, with sales rising 50% from the first quarter and 139% from the second quarter a year earlier to $56.8 million. Altera did not update its guidance on expenses or its bottom line. In its midquarter update, the company had warned that sales, general and administrative expenses would be several million dollars higher than the $74 million the company had previously expected, because of its internal options probe. Analysts have predicted that the company would post a profit of 21 cents a share in the quarter. In the same period last year, Altera earned $67.6 million, or 18 cents a share. Looking forward, the company expects to post sales of between $334 million and $344 million in the third quarter. The company did not give any outlook on expenses or its bottom line. Analysts had predicted that the company would earn 24 cents a share in the period on sales of $326.1 million. In the third quarter last year , Altera earned $77.8 million, or 21 cents a share, on $291.5 million in sales.