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Msg  15 of 25  at  2/16/2022 4:33:46 PM  by

jerrykrause


Analog Devices Posts Earnings and Revenue Beats. The Stock Edges Higher.

 

Analog Devices Posts Earnings and Revenue Beats. The Stock Edges Higher.

 

Analog Devices reported fiscal first-quarter earnings and revenue that topped Wall Street forecasts and shares of the microchip maker edged higher Wednesday.

Analog Devices (ticker: ADI) earned an adjusted $1.94 a share in the quarter on revenue of $2.68 billion.

Analysts surveyed by FactSet expected earnings from Analog Devices (ticker: ADI) of $1.80 a share on sales of $2.61 billion. A year earlier, Analog Devices earned $1.44 a share on revenue of $1.56 billion.

Adjusted operating margin in the quarter was 45.8%, up from 40.7% a year earlier.

Analog Devices said it expects second-quarter revenue of $2.8 billion, plus or minus $100 million. It forecasts adjusted earnings of $2.07 a share, plus or minus 10 cents.

Analysts expect second-quarter revenue of $2.66 billion and adjusted earnings of $1.86 a share.

Analog Devices raised its quarterly dividend to 76 cents a share from 69 cents.

The stock rose 0.9% to $163.43 on Wednesday.

 


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