Analog Devices (ADI) Tops Q2 EPS by 6c, Q3 Guidance Misses with Impact from 'Export Restrictions on Large Communications Company'

May 22, 2019 7:17 AM EDT

News and research before you hear about it on CNBC and others. Claim your 1-week free trial to StreetInsider Premium here.

(Updated - May 22, 2019 7:19 AM EDT)

Analog Devices (NASDAQ: ADI) reported Q2 EPS of $1.36, $0.06 better than the analyst estimate of $1.30. Revenue for the quarter came in at $1.53 billion versus the consensus estimate of $1.5 billion.

GUIDANCE:

Analog Devices sees Q3 2019 EPS of $1.22 at mid-point, versus the consensus of $1.38. Analog Devices sees Q3 2019 revenue of $1.45 billion at mid-point, versus the consensus of $1.55 billion.

  • Our third quarter guidance takes into account the estimated impact on ADI from the U.S. Government’s recently announced export restrictions on a large communications company. At this time, we have ceased shipments of products to that company, and we are currently reviewing our ability to resume shipments under the recently announced temporary general license.

For earnings history and earnings-related data on Analog Devices (ADI) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Guidance

Related Entities

Earnings