Analog Devices: Q3 beats consensus

(CercleFinance.com) - Analog Devices has reported Q3 2019-20 adjusted EPS that is up 8% at 1.
36 dollar, six cents above the consensus, with an adjusted operating margin that is up 150 basis points at 42.3%.

The semiconductor manufacturer saw its revenues slip 2% to just under 1.46 billion dollars, with sequential growth of 11%, driven by growth in the communications and industrial markets.

For Q4, the group expects revenues of 1.44 billion dollars (plus or minus 70 million dollars), with - for the middle of this range - adjusted EPS of 1.22-1.42 dollar.


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