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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
  -2.17 -2.47% 85.53 85.52 85.56 88.80 85.515 87.39 662,878 18:38:43

Analog Devices Withdraws Guidance

26/03/2020 12:43pm

Dow Jones News


Analog Devices (NASDAQ:ADI)
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By Micah Maidenberg

 

Analog Devices Inc. said it is withdrawing the financial forecast it previously offered for its current quarter, which ends on May 2.

"The economic and social effects caused by Covid-19 are currently creating supply chain disruption and uncertainty around future demand," the semiconductor maker said Thursday.

The Norwood, Mass.-based company characterized customer demand in the quarter as resilient and said it will provide further updates when it issues quarterly results in May.

 

Write to Micah Maidenberg at micah.maidenberg@wsj.com

 

(END) Dow Jones Newswires

March 26, 2020 08:28 ET (12:28 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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