UPDATE: Analog Devices (ADI) Tops Q2 EPS by 19c, Q3 EPS Beats Consensus
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Revenue Growth %: -35.3%
Financial Fact:
Cost of sales: 336.94M
Today's EPS Names:
DGICA, UXIN, TOWN, More
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Analog Devices (NASDAQ: ADI) reported Q2 EPS of $1.03, $0.19 better than the analyst estimate of $0.84. Revenue for the quarter came in at $1.15 billion versus the consensus estimate of $1.1 billion.
Outlook for the Third Quarter of Fiscal Year 2017The following statements are based on current expectations, and as indicated, are presented on a GAAP and non-GAAP basis. These statements are forward-looking and actual results may differ materially, as a result of, among other things, the important factors discussed at the end of this release. These statements supersede all prior statements regarding our business outlook set forth in prior ADI news releases, and ADI disclaims any obligation to update these forward-looking statements.
GAAP | Non-GAAP Adjustments | Non-GAAP | |||||||
Revenue | $1.34B to $1.42B | $30 million (1) | $1.37B to $1.45B | ||||||
Gross Margin | 52% to 54% | $252 million (2) | 69% to 70% | ||||||
Operating Expenses | $558 million to $568 million | $128 million (3) | $430 million to $440 million | ||||||
Operating Margins | 10% to 14% | 38% to 40% | |||||||
Interest & Other Expense | $70.0 million | - | $70.0 million | ||||||
Tax Rate | approx. 49% to 86% | $11 million (4) | approx. 10.0% | ||||||
Earnings per Share* | $0.02 to $0.17 | $1.04 (5) | $1.07 to $1.21 |
(Street sees Q3 EPS of $1.04 on revenue of $1.36 billion)
For earnings history and earnings-related data on Analog Devices (ADI) click here.
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