Linear Technology Corp. (LLTC) Reports In-Line Q1 EPS

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Go back to Linear Technology Corp. (LLTC) Reports In-Line Q1 EPS

Linear Technology Reports Decreases in Revenue and Net Income From the Comparable Sequential and Prior Year Periods

October 13, 2015 5:00 PM EDT

MILPITAS, 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 September 27, 2015. Quarterly revenues of $341.9 million for the first quarter of fiscal year 2016 decreased $29.1 million or 7.9% from $371.1 million reported in the first quarter of fiscal year 2015 and decreased $37.6 million or 9.9% from the previous quarter's revenue of $379.5 million. Net income of $112.0 million decreased $17.4 million or 13.4% from the first quarter of fiscal year 2015 and decreased $20.7 million or 15.6% from the previous quarters net income of $132.7 million. Diluted... More