Analog Devices (ADI) Tops Q1 EPS by 3c, Offers Q2 Guidance
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Analog Devices (ADI) Core Strength Offsets Consumer Weakness - Sterne Agee CRT
February 18, 2016 7:42 AM ESTSterne Agee CRT analyst, Douglas Freedman, is positive on Analog Devices (NASDAQ: ADI) as industrial, auto and comm segments offset a weak consumer endmarket. No change to Buy rating or $65 PT which is based on 18x C17 FCF/sh.
ADI reported JanQ rev/GM/EPS of $770M (-21% q/q)/62.5%/$0.56 vs. consensus $762M (-22% q/q)/63.4%/$0.54. Consumer revenue declined 60% q/q to... More
