Linear Tech fiscal third-quarter profit grows to 44 cents

SAN FRANCISCO (MarketWatch) - Linear Technology Corp. said late Tuesday its fiscal third-quarter profit rose to $99.2 million, or 44 cents a share, from $98.6 million, or 32 cents a share, in the year-ago period. Excluding one-time items, the comapny would have reported a profit of 49 cents a share for the latest quarter. Revenue rose to $297.9 million from $255 million a year ago. Analysts surveyed by FactSet Research estimated a quarterly profit of 43 cents a share on revenue of $297.7 million. The company sees revenue and income before taxes growing 1% to 5% sequentially in the fiscal fourth quarter.
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