Linear reports lower earnings, rise in revenue

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Linear Technology Corp., which has operations in Camas, reported earnings of $101.9 million for the three-month period ending June 30, down $9 million from the previous quarter and $1.4 million from the same quarter a year earlier. Earnings were 43 cents per diluted share, compared with 46 cents in the previous quarter and 44 cents in the previous year.

The Milpitas, Calif.-based chipmaker reported $1.28 billion in revenue, an increase of $15.6 million, or 1.2 percent, for fiscal 2013, which ended June 30, over fiscal 2012. CEO Lothar Maier credited the strong fourth-quarter revenue to higher sales in automotive and industrial markets.

Maier projects a first-quarter revenue increase of 2 percent to 5 percent, due to strong bookings. Linear shares closed at $40.43 Tuesday, up 23 cents.