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Analog Devices, Inc. Message Board

  • bluecheese4u bluecheese4u Aug 21, 2012 5:10 PM Flag

    Analog Devices Reports Third Quarter Fiscal Year 2012 Results

    August 21, 2012

    Analog Devices Reports Third Quarter Fiscal Year 2012 Results

    NORWOOD, Mass.--(BUSINESS WIRE)-- Analog Devices, Inc. (NASDAQ: ADI), a global leader in high-performance semiconductors for signal processing applications, today announced financial results for its third quarter of fiscal year 2012, which ended August 4, 2012.

    "ADI delivered solid results for the third quarter, with revenue increasing by 1% and diluted EPS increasing by 6% compared to the prior quarter. Profitability and cash flow remained strong," said Jerald G. Fishman, President and CEO. "Given the economic headwinds and uncertainty in most regions, we were encouraged by consistent order patterns among customers and distributors and by the resilience of our large and broad-based industrial business, as well as the communications, automotive, and consumer end markets."

    Mr. Fishman continued, "As a result of higher opening backlog and stable order patterns, we are planning for sequential revenue growth in the fourth quarter. We expect that revenue from the industrial, communications, and automotive end markets will be similar to third quarter levels, in line with typical seasonal patterns. We are expecting sequential revenue growth from our consumer customers as is typical in the fourth quarter and also as a result of a strong new product cycle. In aggregate, we are planning for revenue in the range of $685 million to $715 million for the fourth quarter."

    ADI also announced that the Board of Directors has declared a cash dividend of $0.30 per outstanding share of common stock. The dividend will be paid on September 12, 2012 to all shareholders of record at the close of business on August 31, 2012.

    Results for the Third Quarter of Fiscal 2012
    • Revenue totaled $683 million
    • Gross margin was 65.6% of revenue
    • Operating margin was 32% of revenue, excluding restructuring-related expenses
    • Diluted EPS was $0.56
    • Cash flow from operations was $138 million, or 20% of revenue

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