Altera (ALTR) drops 4.3% AH after warning Q4 revenue will decline 13%-16% Q/Q, worse than prior guidance for a 7%-11% drop. The company, which previously claimed its sales weakness was due to oversized inventory draw downs, blames its guidance cut on a deteriorating revenue outlook "across all major vertical markets," thanks to macro issues and weaker-than-expected customer sales.
Technical side stock has some resistance area is $25.80and support level is $32.66.
Technical side stock has some resistance area is $25.80and support level is $32.66.
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