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What: Shares of analog integrated circuit maker Linear Technology
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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Fool contributor Evan Niu holds no position in any company mentioned. Click here to see his holdings and a short bio. Motley Fool newsletter services have recommended buying shares of Linear Technology. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.