Linear Technology Corp. (LLTC) Tops Q2 EPS by 4c

Linear Technology Corp. (NASDAQ: LLTC) reported Q2 EPS of $0.50, $0.04 better than the analyst estimate of $0.46. Revenue for the quarter came in at $347.1 million versus the consensus estimate of $346.95 million.

The company said: Looking ahead, it remains difficult to forecast in the current environment. The macroeconomic climate does not appear to have improved noticeably and our largest market, Industrial, remains weak in most regions. However, it is our belief that the inventory correction that began at the end of our fiscal year is mostly behind us and demand overall has picked up. Our book to bill ratio for the December quarter was positive and bookings through the early part of the current quarter have improved modestly aided by a pick up in the Transportation and Industrial markets while at the same time we are not impacted much at all by the current consumer weakness that others may be experiencing. As a result, for our fiscal third quarter we are forecasting revenue to be up 2% to 5% sequentially.”

For earnings history and earnings-related data on Linear Technology Corp. (LLTC) click here.

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