Linear Technology Jumps 10% on Earnings Results

Shares of Linear Technology

have added 9.61% to $32.74 on Wednesday after the company reported better than expected quarterly earnings. The company reported adjusted earnings of $104.9 million or $0.45 per share compared to $161.9 million or $0.70 per share in the year ago period. This came in ahead of consensus EPS estimates of $0.39. Revenues at the company were $294.3 million versus $383.6 million in last year's corresponding quarter. Wall Street analysts had estimated that the LLTC would report revenues of $293.10 million. Linear Technology Corporation (Linear Technology) designs, manufactures and markets a line of linear analog integrated circuits for companies worldwide. Linear Technology produces power management, data conversion, signal conditioning, RF and interface Integrated Circuits (ICs).