Drexel Hamilton Downgrades Linear Technology (LLTC) to Hold

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Go back to Drexel Hamilton Downgrades Linear Technology (LLTC) to Hold

Linear Technology Reports Increases in Revenue and Net Income Over the Comparable Prior Year Period but Expects Lower Sequential Revenue in the First Fiscal Quarter

July 21, 2015 5:00 PM EDT

MILPITAS, Calif.--(BUSINESS WIRE)-- Linear Technology Corporation (NASDAQ: LLTC), a leading, independent manufacturer of high performance linear integrated circuits, today reported financial results for the fiscal quarter ended June 28, 2015. Quarterly revenues of $379.5 million for the fourth quarter of fiscal year 2015 increased $14.1 million or 3.8% over $365.4 million reported in the fourth quarter of fiscal year 2014 and increased $7.5 million or 2.0% over the previous quarter's revenue of $372.0 million. Net income of $132.7 million increased $3.0 million or 2.3% over the fourth quarter of fiscal year 2014 but decreased $2.5 million or 1.8% from the third quarter of fiscal year 2015. Diluted earnings... More