Drexel Hamilton Downgrades Linear Technology (LLTC) to Hold
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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 EDTMILPITAS, 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
