Top Wall Street Forecasters Revamp Analog Devices Expectations Ahead Of Q2 Earnings - Analog Devices (NASDAQ:ADI)

Analog Devices Q2 Earnings Top Forecasts @themotleyfool #stocks $ADI

Top Wall Street Forecasters Revamp Analog Devices Expectations Ahead Of Q2 Earnings - Analog Devices (NASDAQ:ADI)

Analog Devices forecasts upbeat quarterly revenue on auto, industrial demand

(Reuters): Analog Devices (ADI.O), forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors, lifting its shares more than 3% in premarket trading. The analog chip industry is seeing a gradual recovery in key sectors such as automotive and industrial, with demand also boosted by shipments of personal electronics being pulled forward a…

Chipmaker Analog Devices Beats Quarterly Targets, Returns To Growth

Analog Devices (ADI) early Thursday beat analyst estimates for its fiscal second quarter and with its guidance for the current period. ADI stock rose on the news. The chipmaker earned an adjusted $1.85 a share on sales of $2.64 billion in the quarter ended May 3. Analysts polled by FactSet had expected earnings of $1.70 a share on sales of $2.51 billion. On a year-over-year basis, Analog Devices earnings surged 32% while sales increased 22%.