Altera Cuts Q3 Sales View, As Chip Demand Softens

Altera Corp. this afternoon reduced its Q3 sales forecast. The chip company now sees sales ranging between down 3% and up 1% compared to the second quarter; previous guidance was for an increase of 2%-6%. The new guidance implies a range of $532?? million to $553.9 million, below the Street at $569.3 million.

Topics:  corp   altera   chip   q3 sales   million   guidance   

 

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