Linear Technology Q4 Profit Declines - Quick Facts

(RTTNews) - Linear Technology Corp. (LLTC) reported that its fourth-quarter net income was $101.9 million or $0.43 per share, compared to $103.3 million or $0.44 per share in the comparable quarter last year.

Non-GAAP net income was $117.8 million or $0.49 per share, compared to $118.5 million or $0.50 per share in the comparable quarter last year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.43 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues were $327.27 million, down 0.8% from $330.01 million in the year ago quarter, while twenty two analysts had consensus revenue estimate of $323.20 million for the quarter.

The company said it is currently estimating first quarter revenue to be up 2% to 5%. Twenty three analysts have consensus revenue estimate of $334.38 million for the first quarter.