Linear Technology Earnings: Here’s Why Investors are Not Happy Now

Linear Technology Corp. (NASDAQ:LLTC) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are down 0.76%.

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Linear Technology Corp. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share increased 4.55% to $0.46 in the quarter versus EPS of $0.44 in the year-earlier quarter.

Revenue: Rose 0.7% to $314.54 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Linear Technology Corp. reported adjusted EPS income of $0.46 per share. By that measure, the company beat the mean analyst estimate of $0.44. It beat the average revenue estimate of $313.46 million.

Quoting Management: According to Lothar Maier, CEO, “We are pleased to report a solid quarter with sequential growth at the higher end of our guidance. We grew quarterly revenues 3% sequentially, had a positive book-to-bill ratio and improved our gross margin and operating margin as we continue to control spending where practical. The two end-markets most favorably impacted by the improved bookings were the automotive and industrial end-markets. Looking forward, customers generally acknowledge growth, but continue to order cautiously to the low-end of published lead times. As a result, we are currently estimating revenue growth in the same range we guided last quarter, 1% to 4% for our fiscal fourth quarter.”

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