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Nov. 23, 2021, 7:22 a.m. EST

Analog Devices beats targets for adj. earnings, revenue

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By Steve Gelsi

ADI

Analog Devices Inc. /zigman2/quotes/201631938/composite ADI +0.74% said Tuesday its fourth-quarter net income fell 79% to $99 million, or 16 cents a share, from $462 million, or $1.04 a share in the year-ago period. Adjusted earnings rose to $1.73 a share from $1.44 a share. Revenue increased by 53% to $2.34 billion. Analysts expected the semiconductor company to earn $1.70 a share on revenue of $2.25 billion, according to a survey by FactSet. Looking ahead, the company expects first-quarter adjusted earnings of $1.68 to $1.88 a share, compared to the analyst estimate of $1.71 a share. It's targeting first quarter revenue of $2.5 billion to $2.7 billion, against an analyst target of $2.38 billion. Shares of Analog Devices edged up by 0.2% in premarket trades.

/zigman2/quotes/201631938/composite
US : U.S.: Nasdaq
$ 155.74
+1.15 +0.74%
Volume: 1.39M
Jan. 28, 2022 12:37p
P/E Ratio
42.21
Dividend Yield
1.77%
Market Cap
$81.28 billion
Rev. per Employee
$296,287
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