upped its guidance for the March quarter, less than a month after it issued a
more modest revenue forecast.
Monday night, the company said it expects to see sales and profits in the March quarter grow by about 10% from the December quarter. Previously, it expected 7% to 8% growth.
In a brief release, Linear said only that demand for its products has accelerated during the March quarter.
In the preceding financial quarter, which ended in December, the company reported rising demand across all of its end markets, with the industrial and communications segments showing particular strength. However, it wasn't clear whether any particular markets helped fuel the latest increase in guidance.
Analysts currently expect Linear to deliver earnings of 25 cents on sales of $202 million in the March quarter.
Linear shares were recently up 93 cents or 2.3% to $42.02.