Analog Devices’ (ADI) fiscal second quarter results beat the Zacks Consensus estimate by 5 cents. Revenue beat by 3.8%. Results exceeded management expectations on revenue, margins and earnings. Shares sunk 2.65% during the day, but gained back 2.36% after hours in response to the news. Revenue Revenue of $668.2 million was up 10.8% sequentially, 40.8% year over year and better than management’s revenue guidance of $635-650 million (up 5-8% sequentially). The sequential strength was driven by the industrial and automotive markets, although the only segment that declined slightly was communications. Revenue growth was seen across all geographies except Japan. The increase from the year-ago quarter reflects a higher level of business, particularly in the automotive, industrial and consumer segments. Revenue by End-Market The industrial market generated 47% of total revenue
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