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Benzinga

Business

Anusuya Lahiri

Analog Devices Eyes Solid Finish To 2025 Fueled By Strong Industrial, Auto Sales

Analog Devices Devices ADI

July,30,,2019,Santa,Clara, - ,Ca, - ,Usa,-

Analog Devices (NASDAQ:ADI) shares are trading higher in the premarket session on Wednesday after the company reported fiscal third-quarter results.

The company’s quarterly revenue increased 25% year-on-year (Y/Y) to $2.88 billion, beating the analyst consensus estimate of $2.76 billion. Adjusted EPS of $2.05 beat the analyst consensus estimate of $1.95.

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