By Matt Grossman

 

Analog Devices Inc. Tuesday issued guidance for first-quarter business results that would top analysts' previous expectations for the company's performance.

Massachusetts-based Analog Devices forecast first-quarter revenue of $1.5 billion, plus or minus $70 million. It said its earnings per share will be 92 cents plus or minus 10 cents. On an adjusted basis, earnings per share will be $1.30 plus or minus 10 cents, Analog said.

Analysts surveyed by FactSet had been expecting first-quarter revenue of $1.41 billion, and an adjusted profit of $1.28 a share.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

November 24, 2020 08:34 ET (13:34 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
From Dec 2020 to Jan 2021 Click Here for more Analog Devices Charts.
Analog Devices (NASDAQ:ADI)
Historical Stock Chart
From Jan 2020 to Jan 2021 Click Here for more Analog Devices Charts.