SAN JOSE (dpa-AFX) - Programmable chip maker Altera Corp. (ALTR), which has agreed to be bought by Intel Corp. (INTC), reported second quarter net income of $70.3 million $0.23 per share, compared to $127.0 million $0.41 per share for the year-ago quarter.
Second quarter net sales fell 16% to $414.16 million from $491.52 million a year earlier.
Analysts polled by Thomson Reuters expected the company to earn $0.26 per share on revenue of $409.56 million for the second quarter.
Copyright RTT News/dpa-AFX
© 2015 AFX News
