Analog Devices, Inc. (ADI) is scheduled to announce its fiscal second-quarter 2012 results on May 22. We witness only one downward movement in analyst estimates in the build-up to the release. Prior-Quarter Synopsis Analog’s first quarter 2012 pro forma earnings missed the Zacks Consensus Estimate by a couple of cents due to weaker-than-expected revenue and margins. Revenue in the quarter was $648.1 million, down 9.5% sequentially and 11.0% year over year, particularly due to the weakness in the consumer, communications and industrial end markets. However, the automotive segment performed well in the quarter on account of increased use of electronic content in automobiles, growing dollar content per vehicle for Analog and higher sales of vehicles. Gross margin of 63.2% was down both sequentially and year over year, impacted by lower
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