Analog Devices Shares Rise as Auto Strength Helps Q4 Results Top Estimates
Analog Devices (NASDAQ: ADI) reported fourth-quarter revenue and earnings that exceeded Wall Street expectations on Tuesday, with automotive demand helping offset soft industrial sales. Shares climbed more than 4% intra-day. Revenue for the quarter was 3.02 billion. Industrial revenue — which represents over 45% of total sales — totaled 1.46 billion. Adjusted earnings came in at $2.26 per share, narrowly beating the ...