Midday stock check: Altera plunges after Q3 report

Palo-Alto based VMware Inc. (VMW) reports its first quarterly returns today as a public company, and Bloomberg.com is reporting that the software maker’s shares have tripled since its Wall Street debut two months ago — a greater increase than Google Inc. (GOOG) saw at the same point after its initial public offering.

The markets overall were down in mid-afternoon trading Eastern Standard Time, with the Dow down 1.39 percent, the Nasdaq down more than 2.71 percent and the S&P 500 down 1.89 percent.

Among the 50 Bay Area stocks tracked by The Examiner, only Intuitive Surgical Inc. (ISRG) and Chevron Corp. (CVX) saw their share prices increase thus far today, by 0.38 percent and 0.10 percent, respectively.

Furthest down was San Jose chip-maker Altera Corp. (ALTR), which saw its price plunge 16.43 percent to $19.49 per share following its Q3 report. That report showed revenue below Wall Street expectations, according to CNNMoney.com.

Intel Corp. (INTC) led in trading volume among Bay Area public companies thus far today.

Just Posted

You’ve heard of the Clinton Park boulders. Now, meet the Ingleside Pathway blockade

Move over Clinton Park boulders, you’ve got competition. While weeks ago a… Continue reading

Five injured after three vehicles collide on Divisadero and Hayes

Five people were injured - one of them with life-threatening injuries -… Continue reading

Treasure Island director presents plan to extend relocation benefits to more residents

Newer residents facing displacement from Treasure Island’s redevelopment could soon get help… Continue reading

Steve Kerr addresses Donald Trump and NBA-China rift

Golden State Warriors head coach Steve Kerr addresses the mocking comments of President Donald Trump

Most Read