Linear Technology Corp. Q3 Earnings Drop 5%

(RTTNews) - Linear Technology Corp. (LLTC) released a profit for third quarter that fell compared to the same period last year.

The company said its earnings fell to $128.39 million, or $0.52 per share. This was down from $135.19 million, or $0.55 per share, in last year's third quarter.

Analysts had expected the company to earn $0.50 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 2.9% to $361.13 million. This was down from $372.02 million last year.

Linear Technology Corp. earnings at a glance:

-Earnings (Q3): $128.39 Mln. vs. $135.19 Mln. last year. -Earnings Decline (Y-o-Y): -5.0% -EPS (Q3): $0.52 vs. $0.55 last year. -EPS Decline (Y-o-Y): -5.5% -Analysts Estimate: $0.50 -Revenue (Q3): $361.13 Mln vs. $372.02 Mln last year. -Revenue Change (Y-o-Y): -2.9%