Analog Devices, Inc. (NASDAQ:ADI) stock traded higher Wednesday after the company reported fiscal third-quarter results.
The company’s revenue declined 25% year-on-year to $2.31 billion, beating the analyst consensus estimate of $2.27 billion. Adjusted EPS of $1.58 beat the analyst consensus estimate of $1.50.
Analog Devices’ Industrial revenue declined by 37% year-on-year to $1.06 billion. Automotive revenue decreased 8% Y/year-on-year to $670.3 million.
Communications revenue declined by 26% to $266.6 million, and Consumer revenue increased ...
