MILPITAS (dpa-AFX) - Chipmaker Linear Technology Corp. (LLTC) reported net income for the third quarter of $117.6 million or $0.48 per share, compared to $111.0 million or $0.46 per share for the year-ago quarter.
Excluding items, adjusted net income for the latest third quarter was $134.5 million or $0.55 per share, compared to $129.7 million or $0.54 per share in the prior year quarter.
Revenue for the third quarter rose 10.6% to $348.01 million from $314.54 million a year ago.
Analysts polled by Thomson Reuters expected the company to earn $0.48 per share on revenue of $350.01 million for the third quarter. Analysts' estimates typically exclude special items.
Looking forward, the company said it expects fourth quarter revenues to grow 2% to 6% sequentially.
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