Analog Devices Guides Q3 In Line With Estimates, Declares Di

Analog Devices Guides Q3 In Line With Estimates, Declares Dividend


Analog Devices Guides Q3 In Line With Estimates, Declares Dividend
WASHINGTON (dpa-AFX) - While reporting financial results for the second quarter on Wednesday, semiconductor company Analog Devices Inc. (ADI) provided earnings and revenue guidance for the third quarter, in line with analysts' expectations.
For the third quarter, the company projects earnings in a range of $1.12 to $1.34 per share and adjusted earnings in a range of $1.50 to $1.72 per share on projected revenues between $1.63 billion and $1.77 billion.
On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.53 per share on revenues of $1.65 billion for the quarter. Analysts' estimates typically exclude special items.

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