SAN JOSE, Calif., Dec. 4, 2012 -- Altera Corporation (NASDAQ: ALTR) today announced updated fourth quarter 2012 revenue guidance and key guidance elements for 2013.
The company currently expects that revenue for the fourth quarter will be 8 to 10 percent lower than third quarter levels. Prior guidance was for a decline of 6 to 10 percent. Sales of the company's new products are expected to grow sequentially but that growth will be more than offset by lower sales of the company's older products.
Fourth quarter results will be released after the market close on January 23, 2013.
During the fourth quarter, the company typically issues key guidance elements for the following year. Data for 2013 appears in the following table:
|Gross Margin || |
69% to 70%
|Research and Development ||Approximately $404 million|
|SG&A ||Approximately $315 million |
|Other Income/Expense ||Approximately Expense of $1 million |
|Tax Rate ||Approximately 13% to 14% |
|Capital Expenses ||Approximately $65 million |
Today's Conference Call
A conference call will be held today at 1:45 Pacific Time to discuss Altera's 2013 guidance. A web cast and subsequent replay will be available in the Investor Relations section of the company's website at www.altera.com. A telephonic replay of the call may be accessed later in the day by calling (719) 457-0820 and referencing confirmation code 258712. The telephonic replay will be available for two weeks following the live call.
Altera programmable solutions enable system and semiconductor companies to rapidly and cost-effectively innovate, differentiate and win in their markets. Find out more about Altera's FPGA, CPLD and ASIC devices at www.altera.com. Follow Altera via Facebook, RSS and Twitter.