Analog Devices (ADI) Q3 Earnings Beat, Q4 Guidance Tops Views

Analog Devices (NASDAQ: ADI) reported Q3 EPS of $0.77, $0.03 better than the analyst estimate of $0.74. Revenue for the quarter came in at $863.4 million versus the consensus estimate of $845.43 million.

Analog Devices sees Q4 2015 EPS of $0.79-$0.87, versus the consensus of $0.79. Analog Devices sees Q4 2015 revenue of $880-940 million, versus the consensus of $879.33 million.

“We had a very strong third quarter, with revenue growing to a record $863 million and earnings at the very high end of expectations,” said Vincent Roche, President and CEO. “Once again this quarter, our focus on sustainable innovation that bridges the physical and digital worlds across diverse applications and markets, coupled with strong execution throughout the Company, delivered solid growth and profits.”

“Looking ahead, stable order rates and a positive book to bill ratio lead us to plan for sequential growth in the fourth quarter, and for revenue to be in the range of $880 million to $940 million.”

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

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