Linear Technology Earnings: On a Roll

Miscellaneous | Wall St. Cheat Sheet | April 19, 2011 2:27 pm

S&P 500 (NYSE:SPY) component Linear Technology Corporation (NASDAQ:LLTC) reported net income above Wall Street’s expectations for the third quarter. Linear Technology Corp. offers a line of standard high performance linear integrated circuits.

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Linear Technology Earnings Cheat Sheet for the Third Quarter

Results: Net income for the semiconductor company rose to $141.6 million (61 cents/share) vs. $100.6 million (44 cents/share) YoY. A rise of 40.7% from the year earlier quarter.

Revenue: Rose 13.4% to $353.2 million YoY.

Actual vs. Wall St. Expectations: LLTC beat the mean analyst estimate of 56 cents/share. Estimates ranged from 54 cents per share to 57 cents per share.

Quoting Management: According to Lothar Maier, CEO, “The quarter unfolded largely as expected. Revenues from our core analog markets decreased slightly as increases in our industrial and automotive core markets were modestly…