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What: Shares of analog integrated circuit maker Linear Technology (Nasdaq: LLTC) have popped by as much as 11% today after the company reported second-quarter results.

So what: Revenue for the quarter totaled $294.3 million, and earnings per share added up to $0.38. Both figures represented year-over-year declines, but came in mostly in line with the consensus estimates of $293.1 million and $0.39 per share, respectively.

Now what: The real culprit behind the rally can be found in Linear's third-quarter guidance, which calls for $306.1 million to $317.8 million in sales, notably higher than the $302.5 million expectation. It also helped that the company notched up its quarterly dividend by a penny to $0.25 per share, the 20th consecutive year that Linear has raised its dividend. Linear CEO Lothar Maier said it was "an encouraging quarter in a difficult global economic environment," and the strong guidance suggests the worst may be over.

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