Analog Devices’ (ADI) fiscal fourth quarter results beat the Zacks Consensus estimate by 14 cents. Revenue beat by 9.3%. Revenue Revenue of $571.6 million was up 16.2% sequentially and down 13.5% year over year. The sequential strength was driven by broad-based recovery in all except the communications end-market. The decline from the year-ago period was much lower than in the preceding three quarters. Orders were up 17% sequentially, resulting in a stronger backlog. Revenue by End Market The industrial market generated 52% of total revenue (up 16.8% sequentially). Automotive and healthcare were the strongest subsegments, growing 37% and 17%, respectively. Battery monitoring, breaks sensing and MEMS products were the primary drivers of automotive revenue. Healthcare benefited from the market recovery. Other industrial products, such as process control, factory automation and
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