Linear Technology up 8.8% After Reporting Upbeat Earnings
Linear Technology Corporation (NASDAQ: LLTC) is trading higher in pre-market following last night's earnings announcement. The company reported Q2 EPS $0.45 vs $0.39 estimate and revenues $294.3M vs $293.10 million estimate.
Additionally, the company announced it will increase the quarterly dividend from $0.24 to $0.25. Linear Technology guided third quarter revenue growth of 4-8%.
Linear Technology is currently trading at $32.50, a gain of $2.63 or 8.80%.
(c) 2013 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.