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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Analog Devices Inc | NASDAQ:ADI | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 3.14 | 1.57% | 202.77 | 199.91 | 206.24 | 203.43 | 199.995 | 200.17 | 2,168,863 | 01:00:00 |
From May 2022 to May 2024
By Will Feuer
Analog Devices Inc. issued sales and profit guidance for the fiscal third quarter above analysts' views Wednesday, even as the company grapples with geopolitical uncertainty tied to the war in Ukraine as well as continuing supply-chain challenges for the semiconductor industry.
The semiconductor company said it expects adjusted earnings for the fiscal third quarter to come in between $2.32 a share and $2.52 a share. Analysts surveyed by FactSet were expecting $2.17 a share.
Sales for the current quarter are expected to be between $2.95 billion and $3.15 billion, above the $2.90 billion expected by Wall Street, according to FactSet.
"Despite increasing geopolitical uncertainty and ongoing supply chain disruptions, we enter the second half from a position of strength with increased capacity and continued bookings momentum," Chief Executive Vincent Roche said.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
May 18, 2022 07:39 ET (11:39 GMT)
Copyright (c) 2022 Dow Jones & Company, Inc.
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