On Wednesday, Shares of Linear Technology Corporation (NASDAQ:LLTC), lost -6.28% to $40.41.
Linear Technology Corporation stated financial results for the fiscal quarter ended June 28, 2015. Quarterly revenues of $379.5 million for the fourth quarter of fiscal year 2015 raised $14.1 million or 3.8% over $365.4 million stated in the fourth quarter of fiscal year 2014 and raised $7.5 million or 2.0% over the previous quarter’s revenue of $372.0 million. Net income of $132.7 million raised $3.0 million or 2.3% over the fourth quarter of fiscal year 2014 but reduced $2.5 million or 1.8% from the third quarter of fiscal year 2015. Diluted earnings per share of $0.54 per share in the fourth quarter of fiscal year 2015 raised $0.01 per share or 2% over the fourth quarter of fiscal year 2014 but reduced $0.01 per share or 2% from the third quarter of fiscal year 2015. Net income and diluted earnings per share reduced on a sequential basis primarily due to a higher effective tax rate of 25.25% contrast to 22.50% in the third quarter of fiscal 2015.
Revenue for fiscal year 2015 was $1,475.1 million, an enhance of 6.2% or $86.7 million over revenue of $1,388.4 million in the preceding fiscal year. Net income of $521.0 million for fiscal year 2015 raised $61.0 million or 13.3% over $460.0 million stated in the previous fiscal year. Net income grew at a greater percentage than revenue primarily due to the extinguishment of the Convertible Senior Notes at the end of fiscal 2014. Accordingly, fiscal year 2015 had no related interest expense.
Linear Technology Corporation, together with its auxiliaries, designs, manufactures, and markets a line of analog integrated circuits (ICs) worldwide. It produces power administration, data conversion, signal conditioning, radio frequency (RF), and interface ICs; µModule subsystems; and wireless sensor network products.
Shares of Suncor Energy Inc. (USA) (NYSE:SU), declined -0.12% to $25.73, during its last trading session.
Suncor Energy will release its second quarter financial results on July 29, 2015 before 8:00 p.m. MT (10:00 p.m. ET).
A teleconference to review the second quarter will be held on July 30 at 7:30 a.m. MT (9:30 a.m. ET).
Suncor Energy Inc. operates as an integrated energy company. The company primarily focuses on developing petroleum resource basins in Canada’s Athabasca oil sands; explores, acquires, develops, produces, and markets crude oil and natural gas in Canada and internationally; transports and refines crude oil; markets petroleum and petrochemical products primarily in Canada; and markets third party petroleum products.
Finally, QLogic Corporation (NASDAQ:QLGC), ended its last trade with 0.87% gain, and closed at $11.58.
QLogic Corp., declared that it is the exclusive provider of 16Gb Gen 5 Fibre Channel technology for Inspur AS520 series storage systems. Inspur AS520 storage, in combination with Inspur servers also powered by QLogic Gen 5 technology, enable Inspur customers to deploy end-to-end Gen 5 storage area networks with leading-edge performance, enterprise-class reliability and scalability.
“Inspur is a leading provider of complete cloud computing solutions and IT services in China. We have rapidly raised our presence in more than 50 countries and regions around the globe, establishing R&D centers in the U.S. and Japan, in addition to a manufacturing base in Venezuela,” said Zhou Junjie, general manager of Storage Products, Inspur. “End-to-end Gen 5 Fibre Channel connectivity from QLogic allows us to provide enterprises with high performance storage networks that are highly reliable and interoperable, while maintaining backward-compatibility with 8Gb and 4Gb Fibre Channel investments.”
QLogic Corporation designs and supplies high performance server and storage networking infrastructure products that provide, enhance, and manage computer data communication.
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