Reported 1 day ago
Analog Devices reported a strong fiscal second-quarter performance with a 22% revenue increase, reaching $2.64 billion, surpassing expectations. Despite positive results, the company's stock fell over 4% as concerns about operating margins arose due to rising variable compensation and salary costs. Analysts remain mixed in their ratings, noting continued cyclic recovery in the industrial sector, but caution about potential declines in automotive revenue and overall second-half demand.
Source: YAHOO