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0.000813191777727483 0.00153602891348532 -0.00013553196295473 -0.00117461034560659 -0.00835780438220024 -0.0138920262028462 -0.0169866726903096 -0.0187485882087192
Stock impact report

Analog Devices Results Boosted by Higher Demand for Automotive Chips [Yahoo! Finance]

Analog Devices, Inc. (ADI) 
Last analog devices, inc. earnings: 2/19 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investor.analog.com/investor-relations
Company Research Source: Yahoo! Finance
The company got a boost from sales of semiconductors used in the automotive sector. CFO Richard Puccio said Analog Devices continues to face "macroeconomic uncertainty." Shares of Analog Devices ( ADI ) advanced Tuesday as the semiconductor maker posted better-than-anticipated results on a pickup in demand for automotive chips. The company reported fiscal fourth-quarter adjusted earnings per share (EPS) of $1.67, above the $1.64 expected by analysts surveyed by Visible Alpha. Revenue slid 10% year-over-year to $2.44 billion, but that was also more than estimates. Chief Financial Officer (CFO) Richard Puccio explained that following a brief drop in overall bookings in the third quarter, "orders picked up steadily throughout the fourth quarter, particularly in the Automotive end market." Chief Executive Officer (CEO) Vincent Roche said that "unprecedented customer inventory headwinds drove a historic revenue decline during fiscal 2024," but Puccio added that while "macro unce Show less Read more
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