Analog Devices Profit In Line - Quick Facts

(RTTNews) - Analog Devices Inc (ADI), a provider of high-performance semiconductors for signal processing applications, Tuesday reported third-quarter net earnings of $180.6 million or $0.57 per share. This compares with a profit of $176.2 million or $0.56 per share last year.

Excluding items, adjusted earnings for the quarter were $0.63 per share. On average, 28 analysts polled by Thomson Reuters estimated earnings of $0.63 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter were up 8 percent at $727.8 million compared with $674.2 million in the prior year. Twenty-five analysts had a consensus revenue estimate of $716.7 million for the quarter.

Looking ahead to the fourth quarter, the company expects adjusted earnings of $0.66 to $0.70 per share on revenues of $790 million to $820 million. Analysts expect earnings of $0.67 per share on revenues of $761.2 million.