Analog Devices: targets raised for Q3

(CercleFinance.com) - Alongside its merger announcement, Analog Devices has said that it is tightening up its targets for Q3 2019-20, reflecting better-than-expected demand at its end markets - particularly in the communications and industrial sectors.


The semiconductor manufacturer is now targeting revenues of around 1.45 billion dollars, give or take 30 million dollars, instead of the previous forecast of 1.32 billion dollars, give or take 70 million dollars.

In the middle of this revenue forecast, it is now expecting adjusted EPS of 1.28-1.38 dollar, instead of 0.97-1.19 dollar, as provided on 20 May.


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