Future Tech

Analog Devices forecasts quarterly revenue above estimates

Tan KW
Publish date: Wed, 22 May 2024, 09:18 PM
Tan KW
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Future Tech

 Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.

The company expects revenue of $2.27 billion, plus or minus $100 million, compared with estimates of $2.16 billion, according to LSEG data.

 


  - Reuters

 

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