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.


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(END) Dow Jones Newswires

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

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