Linear Technology Corp. Announces 13% Decline In Q1 Profit

(RTTNews) - Linear Technology Corp. (LLTC) reported a profit for first quarter that lost ground from last year.

The company said its earnings declined to $112.05 million, or $0.46 per share. This was down from $129.46 million, or $0.53 per share, in last year's first quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 7.9% to $341.92 million. This was down from $371.06 million last year.

Linear Technology Corp. earnings at a glance:

-Earnings (Q1): $112.05 Mln. vs. $129.46 Mln. last year.
-Earnings Decline (Y-o-Y): -13.4%
-EPS (Q1): $0.46 vs. $0.53 last year.
-EPS Decline (Y-o-Y): -13.2%
-Analysts Estimate: $0.46
-Revenue (Q1): $341.92 Mln vs. $371.06 Mln last year.
-Revenue Change (Y-o-Y): -7.9%