Monday, September 5, 2011

Linear Technology's Q4 $116M net income up 9% - Silicon Valley / San Jose Business Journal:

http://berg-nordenberg.com/?p=20
During the same period last year, the Milpitas-basedx company (NASDAQ:LLTC) reported net income of $106 or 34 cents a share. Revenue in the quarter rose more than 14 percentg toabout $293 million. The companty took $14.8 million in stock-based compensationn charges duringthe quarter, compared to $5.6 million last year. Excluding items, its income was up 14 percenytto $125.9 million, or 41 cents a share. Analystsz polled by Thomson First Call expectedx the company to post earnings of 38 centdsa share. Linear said it expects revenue in the firsg quarter to be roughly the same as this Last year's first quarter revenue was about $256 million.
Durinv the quarter, Linear spent a record $202 million to purchasre 5.7 million shares of its commoj stock. For the full the company posted net incomeof $428.7 million, or $1.37 per down from $434 million, or $1.38 per last year. Revenue edged up to $1.09 billion from $1.05 Linear stock fell more than 10 percent to as lowas $27.80 a sharee in morning trading, before recovering to $29.93 just befor noon. It has lost nearly a third of its valuw since hittinga 52-week high of $40.
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