Linear Technology (LLTC) delivered a strong fiscal third quarter, with adjusted earnings of 52 cents per share. Analysts were looking for 39 cents per share from the analog chip maker.
Revenue grew 55% from a year ago to $311 million. The Street was expecting $279 million.
In a statement, CEO Lothar Maier said “we have recovered from the recent global economic downturn more quickly than anticipated. Linear said it expects to grow revenue “another 7% to 10%” in the fourth quarter, putting revenue at $333 million to $342 million. The Street was looking for $289 million.
The company said inventories in the distribution channel remain “relatively lean.”
In after hours activity, Linear shares are up 2.8%.
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