Analog Devices, Inc. (ADI) is set to report third quarter 2013 results on May 21. Last quarter, its results were in line with our expectations. Let’s see how things are shaping up for this announcement. Growth Factors This Past Quarter Analog Devices’ second-quarter earnings were in line with the Zacks Consensus Estimate of 44 cents. Revenues were down 10.0% sequentially and at the lower end of the management guidance due to weak sales across a wide range of communications infrastructure applications, automotive and industrial segments. Margin expansion was limited due to the change in sales mix, which favored lower-margin products. Analog Devices provided a modest outlook for the third quarter, with revenues forecast to increase 4–8% sequentially. ADI expects earnings per share in the range of 49–55 cents, in line […]
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