These Analysts Revise Their Forecasts On Analog Devices After Q3 Results

Analog Devices, Inc. (NASDAQ:ADI) posted better-than-expected third-quarter financial results on Wednesday. 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. "Improved customer inventory levels and order momentum across most of our markets position us to grow again sequentially in our fourth quarter, increasing our confidence that we are past the trough of this cycle. However, economic and geopolitical uncertainty continues to limit the pace of the recovery," said Richard Puccio, CFO. Analog ...