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Ahead Of The Bell: Analyst Upbeat On Linear
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NEW YORK (AP) — Linear Technology Corp. may still be able to meet earnings expectations for the current quarter and begin growing sales again despite mixed fiscal third-quarter results, a Thomas Weisel analyst said Wednesday.
The Milpitas, Calif., chip maker said Tuesday that earnings for the third quarter ended March 29 came to $54.5 million, or 25 cents per share. That topped the average analyst estimate of 21 cents, according to Thomson Reuters.
Sales fell by about a third, however, to $200.9 million, missing the average Street view of $203.1 million. ...
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