According to Jefferies, Linear Technology LLTC Hold rating is maintained.
Jefferies said that LLTC posted slightly below consensus SepQ revenues (by $2m) while EPS missed
by a penny, driven by weaker-than-expected industrial and communications end markets. “The company guided DecQ to decline by 9 to 13% QoQ to $294m (at the mid-pt), which is 12% below consensus expectation of $332m. The stock traded down 435bps after hours.”
Linear Technology closed yesterday at $31.
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