Advertisement
U.S. markets closed
  • S&P 500

    5,254.35
    +5.86 (+0.11%)
     
  • Dow 30

    39,807.37
    +47.29 (+0.12%)
     
  • Nasdaq

    16,379.46
    -20.06 (-0.12%)
     
  • Russell 2000

    2,124.55
    +10.20 (+0.48%)
     
  • Crude Oil

    83.11
    -0.06 (-0.07%)
     
  • Gold

    2,254.80
    +16.40 (+0.73%)
     
  • Silver

    25.10
    +0.18 (+0.74%)
     
  • EUR/USD

    1.0793
    0.0000 (-0.00%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2636
    +0.0014 (+0.11%)
     
  • USD/JPY

    151.2160
    -0.1560 (-0.10%)
     
  • Bitcoin USD

    69,466.82
    -1,921.98 (-2.69%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,369.44
    +201.37 (+0.50%)
     

Analog Devices: Fiscal 1Q Earnings Snapshot

Analog Devices: Fiscal 1Q Earnings Snapshot

NORWOOD, Mass. (AP) _ Analog Devices Inc. (ADI) on Wednesday reported fiscal first-quarter net income of $355 million.

On a per-share basis, the Norwood, Massachusetts-based company said it had profit of 95 cents. Earnings, adjusted for one-time gains and costs, were $1.33 per share.

The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.

The semiconductor maker posted revenue of $1.54 billion in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $1.51 billion.

For the current quarter ending in May, Analog Devices expects its per-share earnings to range from $1.23 to $1.37.

The company said it expects revenue in the range of $1.45 billion to $1.55 billion for the fiscal second quarter.

Analog Devices shares have increased 21 percent since the beginning of the year, while the Standard & Poor's 500 index has increased 11 percent. The stock has climbed 21 percent in the last 12 months.

_____

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADI at https://www.zacks.com/ap/ADI

Advertisement