Good news on earnings, no asia effect........
Tuesday January 13, 5:33 pm Eastern Time
Company Press Release
SOURCE: Linear Technology Corp.
Linear Technology Reports Another Quarter of Record Sales and Profits
MILPITAS, Calif., Jan. 13 /PRNewswire/ -- Linear Technology Corporation (OTC: LLTC - news), a leading, independent manufacturer of high performance linear integrated circuits, today announced that net sales for its second quarter ended December 28, 1997, were $117,004,000, an increase of 30% over net sales of $90,080,000 for the second quarter of the previous year. The Company also reported net income for the quarter of $43,582,000, an increase of 38% over $31,631,000, reported for the second quarter of last year. This is the first quarter that earnings per share (EPS) are reported in compliance with the new Financial Accounting Standards Board pronouncement No. 128. Accordingly, the Company has reported Basic EPS of $0.57 and Diluted EPS of $0.55. Diluted EPS is analogous to the methodology the Company used in the past in reporting EPS. Consequently, the Diluted EPS of $0.55 is compared to the $0.40 the Company reported for the similar quarter last year. |
