MILPITAS (dpa-AFX) - Linear Technology Corp. (LLTC) posted fourth-quarter net income of $158.23 million or $0.68 per share, compared to $141.56 million or $0.61 per share in the same period a year-ago.
Non-GAAP net income for the quarter rose to $177.23 million or $0.76 per share from $159.88 million or $0.69 per share in the previous year quarter. On average, 14 analysts polled by Thomson Reuters expected the company to report earnings of $0.56 per share. Analysts' estimates typically excludes special items.
Revenues for the fourth quarter were $358.56 million, down 2% from $366.17 million in the comparable quarter last year, while twenty-two Wall Street analysts expected revenues of $359.44 million.
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