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Analog Devices Beats Q1 Estimates, Raises Dividend As Automotive Revenue Declines
Summary
Analog Devices, Inc. (NASDAQ: ADI) reports fiscal first-quarter results. Revenue declined 4% YoY, but beat analyst estimates. Adjusted EPS also beat analyst estimates. The company expects a return to growth in fiscal Q2 with strong demand in industrial and automotive sectors.
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Read Full ArticleArticle published on February 19, 2025 by benzinga