Analog Devices’ (ADI) fiscal fourth quarter earnings missed the Zacks Consensus Estimate by 3 cents, or 4.8%. Revenue missed the consensus by 8.2%. Particular weakness in the communications and industrial markets led to weaker-than-expected revenue. This, in turn, impacted margins. The guidance was also below our expectations, but the market appears to have priced in the weakness, given that other analog players, such as Linear Technology Corp (LLTC), Maxim Integrated Products (MXIM) and Texas Instruments (TXN) also guided below expectations. Therefore, shares did not lose much in after-market trade. Revenue Analog Devices generated revenue of $716.1 million, which was down 5.5% sequentially, 7.0% year over year and just within management’s revenue guidance of $715-755 million (down 0-6% sequentially, down 2-7% year over year). While the industrial segment weakened in line
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