Linear Technology Top Line Falls 24%, Beats Estimates (LLTC)

Tue. October 13, 2009; Posted: 05:12 PM

Oct 13, 2009 (SmarTrend(R) News Watch via COMTEX) -- LLTC | Quote | Chart | News | PowerRating -- 10/13/2009 - Linear Technology Corp. (NASDAQ:LLTC) reported fiscal Q1 EPS of 27 cents, ex-items, beating the consensus estimates of 24 cents per share. Revenues fell 24% year-over-year to $236.1 million, topping the consensus estimates of $215.9 million. CEO Lothar Maier said, "This was a strong quarter in both revenue and profit growth. We were pleased by the acceleration of customer orders during the latter half of the quarter as each of our end-markets except cell phone improved, in particular the automotive and industrial markets. As a result, revenues significantly improved over the previous quarter as we grew sales 14%, beating the top end of our guidance. In addition, our operating income grew by 26% and now represents 42% of sales. I would also like to recognize our dedicated employees who are helping us work successfully through these challenging times."

Write to Chip Brian at cbrian@tradethetrend.com

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For full details on Linear Technology Corp (LLTC) click here. Linear Technology Corp (LLTC) has Short Term PowerRatings of 5. Details on Linear Technology Corp (LLTC) Short Term PowerRatings is available at This Link.

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