MILPITAS (dpa-AFX) - Linear Technology Corp. (LLTC) reported that its third-quarter net income was $98.50 million or $0.42 per share, down from $141.56 million or $0.61 per share in the same quarter last year.
Non-GAAP net income declined to $114.02 million or $0.49 per share, from $159.88 million or $0.69 per share last year.
Quarterly revenues were $312.4 million, down 11.6% from $353.2 million reported in the third quarter of fiscal year 2011.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share on revenues of $312.38 million for the quarter. Analysts' estimates typically exclude special items.
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