Analog Devices Q4 Profit Tops View - Quick Facts

(RTTNews) - Analog Devices, Inc. (ADI) reported net income for the fourth quarter of $201.6 million or $0.64 per share, compared to $179.2 million or $0.58 per share for the year-ago quarter.

Excluding items, adjusted earnings for the latest quarter were $0.62 per share, up from $0.58 per share last year.

Revenue for the latest fourth quarter fell to $678.13 million from $694.96 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to earn $0.58 per share on revenue of $688.46 million for the fourth quarter. Analysts' estimates typically exclude special items.

Looking forward to the first quarter, the company forecasts earnings of $0.44 to $0.52 per share and revenue to decrease in the range of -5% to -10%. Analysts currently expect the company to earn $0.56 per share on revenue of $680.61 million for the first quarter.