Linear Technology (LLTC); Tops Q2 EPS by 4c; Comments on Outlook; Raises Dividend

Linear Technology (Nasdaq: LLTC) reports Q2 EPS of $0.62 ($0.70 adjusted) vs. consensus fo $0.58. Revenues were $383.6 million vs. $378.85 million consensus. "...Accordingly, we currently forecast that revenue and earnings will decline 6% to 10% sequentially in the March quarter. Our core markets continue to offer strong growth opportunities for Linear and we believe we are well positioned to resume quarterly growth in these markets following the pause we are currently experiencing.” In addition, the Company announced an increase in its quarterly dividend from $0.23 per share to $0.24 per share. This marks the 19th consecutive year the Company has increased its dividend. The cash dividend of $0.24 will be paid on March 2, 2011 to stockholders of record on February 18, 2011.... Read more

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