MILPITAS (dpa-AFX) - Linear Technology Corporation (LLTC), a leading, independent manufacturer of high performance linear integrated circuits, reported fourth-quarter net income of $132.7 million or $0.54 per share compared to $129.7 million or $0.53 per share, last year.
On average, 23 analysts polled by Thomson Reuters expected the company to report profit per share of $0.56 for the quarter. Analysts' estimates typically exclude special items.
Revenues were $379.5 million, increased 3.8% over $365.4 million reported in the fourth quarter of prior year. Analysts expected revenue of $385.42 million for the quarter.
Lothar Maier, CEO, said: 'Due to the decline in bookings received in the June quarter, coupled with a sluggish global economic environment, we are preparing for a difficult first fiscal quarter. We are forecasting our revenue to decline sequentially in the 7% - 12% range.'
Copyright RTT News/dpa-AFX
© 2015 AFX News
