Altera Q3 Profit Beats Estimates - Quick Facts

(RTTNews) - Altera Corp. (ALTR) reported third-quarter net income of $118.0 million, or $0.38 per share, compared to $119.4 million, $0.37 per share, in the third quarter of 2013.

On average, 24 analysts polled by Thomson Reuters expected the company to report profit per share of $0.37 for the quarter. Analysts' estimates typically exclude special items.

Sales were $499.6 million, up 12 percent from the third quarter of 2013. Analysts expected revenue of $491.41 million for the quarter.

Altera's board has declared a quarterly cash dividend of $0.18 per share, to be paid on December 1, 2014 to shareholders of record on November 10, 2014.