Reported about 2 months ago
Analog Devices has projected fourth-quarter revenue and profit that surpass Wall Street expectations, benefiting from a resurgence in demand for its consumer electronics chips. The company reported a 3% increase in revenue to $316.6 million in the third quarter, exceeding analyst predictions. With a forecast of $2.40 billion in revenue for Q4, plus or minus $100 million, and adjusted earnings per share of $1.63, the positive outlook reflects a recovering market for chip makers. However, ongoing economic and geopolitical uncertainties pose risks to this recovery.
Source: YAHOO