Dallas 1/19/2012 12:09:23 AM
News / Finance

Linear Technology Shares Rise after Company Provides Solid Guidance for Q3 (LLTC)

Shares of Linear Technology Corporation (NASDAQ: LLTC) have risen sharply in trading today after the Milpitas, California-based company said that it expects third-quarter revenue to grow between 4% and 8% on a sequential basis.

Linear Technology shares rose to an intra-day high of $32.44 today, and at last check, the stock was up more than 8% on above average volume. The rally has pushed Linear Technology shares above their 50-day and 200-day moving averages.

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