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GAAP diluted EPS amounted to USD0.27 in the first quarter of fiscal 2010, compared to USD0.45 a year ago.
The GAAP results included USD7.2m or USD0.02 per share of non-cash interest expense related to the amortisation of the debt discount on the company's convertible senior notes. Diluted EPS was also negatively impacted by the return of the company's quarterly tax rate to 28%.
Linear's revenue for the first fiscal quarter was USD236.1m compared to revenue of USD310.4m in the first quarter last year.
"The financial effects of the global recession are certainly not over and continue to impact many of our customers," commented Linear's CEO Lothar Maier.
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