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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 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 1.15 | 0.51% | 228.49 | 227.83 | 229.62 | 2,163 | 13:53:03 |
From Oct 2019 to Oct 2024
By Micah Maidenberg
Analog Devices Inc. (ADI) said sales weakened in its latest quarter amid a challenging global economic environment.
The Norwood, Mass.-based semiconductor maker Tuesday reported $1.44 billion in sales for its fiscal fourth quarter, down 6% compared with last year.
Analysts polled by FactSet predicted Analog would generate $1.45 billion in sales for the latest quarter, which ended Nov. 2.
Analog Devices Chief Executive Vincent Roche cited "continued trade and macro uncertainty" in a statement about results.
The company reported net income of $277.7 million, or 74 cents a share, for the quarter, down from $404.9 million, or $1.08 a share, last year.
Analog also reported an adjusted profit of $1.19 a share, 3 cents less than what analysts had predicted for the quarter.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
November 26, 2019 08:27 ET (13:27 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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