Altera Corp. (ALTR) is seeing upbeat earnings forecasts ahead of reporting in mid-July. The company also boasts a solid record of beating estimates, dating back to 2004.

Company Description

Altera provides innovative custom logic solutions and has been ever since inventing the world's first reprogrammable logic device in 1984.

Altera's comprehensive solutions portfolio contains fully integrated software development tools, versatile embedded processors, optimized intellectual property (IP) cores, reference designs examples, and a variety of development kits.

Bullish Forecasts

In early June, the company reaffirmed its revenue guidance, noting that second-quarter sales are projected to increase by 2% to 7% sequentially. Altera added that its new products, the 65-nanometer devices and 40-nanometer devices, have been the company's growth drivers during the second quarter

Analysts are forecasting second-quarter earnings of 16 cents per share, versus estimates of 14 cents 3 months ago.

Wall Street is

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Altera Corp. (ALTR) just saw a nice share price spike thanks to an analyst, who raised earnings estimates based on the prospect that Altera will hike its second-quarter outlook on strong demand from China.

Company Description

Altera provides innovative custom logic solutions and has been ever since inventing the world's first reprogrammable logic device in 1984. Today, over 2,600 employees in 19 countries are providing even more ingenious custom logic solutions.

Altera's comprehensive solutions portfolio contains fully integrated software development tools, versatile embedded processors, optimized intellectual property (IP) cores, reference designs examples, and a variety of development kits.

Solid Performance

The company saw a nice share price spike thanks to an analyst, who recently raised earnings estimates based on the prospect that Altera will hike its second-quarter outlook on strong demand from China.

Altera's first-quarter earnings of 17 cents per share topped the consensus

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