Analog Devices Expects 1Q Profit
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
Write to Matt Grossman at firstname.lastname@example.org
(END) Dow Jones Newswires
November 24, 2020 08:34 ET (13:34 GMT)
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