Tag: $Analog Devices

Shares of Analog Devices (ADI) rose Wednesday after the chip maker reported better-than-expected fiscal first-quarter earnings and issued strong guidance for the current second quarter.

Analog Devices forecast third-quarter revenue and profit above Wall Street expectations on Thursday, betting on upbeat demand for its chips used in the automotive and industrial sectors, lifting its shares more than 3% in premarket trading.

Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump, sending its shares up nearly 6% in premarket trading.