Analog Devices (ADI) Q2 Earnings And Revenues Top Estimates
Zacks Investment Research | May 31, 2017 01:23AM ET
Analog Devices Inc. (NASDAQ:ADI) reported second-quarter fiscal 2017 adjusted earnings of $1.03 per share, which beat the Zacks Consensus Estimate of 85 cents. Adjusted earnings per share (EPS) exclude one-time items but include stock-based compensation expenses.
The better-than-expected results were driven by strength across all the markets - industrial, automotive, consumer and communications, and the company’s increased focus on innovation and operational execution.
Analog Devices has completed the acquisition of Linear Technology (NASDAQ:LLTC). The merger of these two companies is expected to create an analog industry leader across a huge range of products, customer breadth and scale.
The deal will significantly expand Analog Devices' total addressable market allowing it to cater to phenomenal demand in some of the most attractive markets such as industrial, automotive and communications infrastructure markets.
We note that shares of Analog Devices have outperformed the Zacks Zacks Investment Research
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