Linear Technology Corp. (LLTC) reported net income for the second quarter of $75.5 million or $0.33 per share, compared to $86.24 million or $0.38 per share in the year-ago quarter.
Non-GAAP net income for the quarter declined to $93.91 million or $0.41 per share from $104.10 million or $0.46 per share in the same quarter last year.
Revenues for the quarter increased 3% to $256.4 million from $249.2 million in the prior-year quarter.
On average, analysts polled by Thomson Reuters expected the company to earn $0.31 per share, on revenues of $247.05 million for the quarter. Analysts estimates typically exclude special items.
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