Shares of Analog Devices ADI fell 0.8% in pre-market trading after the company reported Q3 results.
Quarterly Results
Earnings per share increased 26.47% year over year to $1.72, which beat the estimate of $1.62.
Revenue of $1,759,000,000 rose by 20.81% from the same period last year, which beat the estimate of $1,710,000,000.
Outlook
Analog Devices said it sees Q4 adjusted EPS of $1.61-$1.83 and sales of $1.71 billion-$1.85 billion.
Conference Call Details
Date: Aug 18, 2021
Time: 10:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/fdugm4av
Recent Stock Performance
Company's 52-week high was at $175.25
52-week low: $110.66
Price action over last quarter: Up 3.49%
Company Description
Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.
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