Linear Tech Misses on Q2 Revenue and EPS
Linear Technology has announced its fiscal Q2 results in an official statement. The company said it brought in $305 million in revenues and posted net profit of $89 million ($0.38 per share on a diluted basis).
These results were a respective 4% and 1% higher than in the company's Q2 2012, but the revenue and profit numbers fell short of analyst expectations; these averaged $311 million for the former, and $0.40 EPS for the latter.
The company also approved a slight increase in its dividend, by $0.01 to $0.26 per share.
Linear Technology is to discuss its quarterly results in greater detail during a conference call tomorrow morning.
The article Linear Tech Misses on Q2 Revenue and EPS originally appeared on Fool.com.Eric Volkman has no position in Linear Technology. The Motley Fool recommends Linear Technology. Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.
Copyright © 1995 - 2013 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.