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Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.
Chipmaker Analog Devices beat Wall Street's targets for its fiscal Q3 and guided modestly higher than views for Q4.
Revenue of $2.31 billion, above the midpoint of our outlook with sequential growth in Industrial, Consumer, and Communications Operating cash flow of $4.0 billion and free cash flow of $2.9 billion on a trailing twelve-month basis Returned $574 million to shareholders through dividends and repurchases in the third quarter WILMINGTON, Mass. , Aug. 21, 2024 /PRNewswire/ -- Analog Devices, Inc. (Nasdaq: ADI), a global semiconductor leader, today announced financial results for its fiscal third quarter 2024, which ended August 3, 2024.
Analog Devices' (ADI) third-quarter fiscal 2024 results are likely to be affected by softness in the industrial, consumer and communication markets.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Analog Devices (ADI) closed at $215.32 in the latest trading session, marking a -1.23% move from the prior day.
Analog Devices (ADI) closed the most recent trading day at $201.31, moving -1.74% from the previous trading session.
Analog Devices (ADI) closed at $227.40 in the latest trading session, marking a +0.43% move from the prior day.
Analog Devices (ADI) closed at $220.92 in the latest trading session, marking a -1.65% move from the prior day.
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