Linear Technology Corp. Q2 Earnings Drop 2%

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

The company said its earnings declined to $121.53 million, or $0.50 per share. This was down from $123.60 million, or $0.51 per share, in last year's second quarter.

Analysts had expected the company to earn $0.46 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 1.5% to $347.13 million. This was down from $352.58 million last year.

Linear Technology Corp. earnings at a glance:

-Earnings (Q2): $121.53 Mln. vs. $123.60 Mln. last year. -Earnings Decline (Y-o-Y): -1.7% -EPS (Q2): $0.50 vs. $0.51 last year. -EPS Decline (Y-o-Y): -2.0% -Analysts Estimate: $0.46 -Revenue (Q2): $347.13 Mln vs. $352.58 Mln last year. -Revenue Change (Y-o-Y): -1.5%