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Benzinga
Benzinga
Business
Avi Kapoor

These Analysts Increase Their Forecasts On Analog Devices After Strong Q3 Earnings

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

Analog Devices (NASDAQ:ADI) reported better-than-expected fiscal third-quarter results on Wednesday.

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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