Chipmaker Analog Devices' weak forecast sparks share selloff
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Analog Devices (ADI) guidance disappoints Wall Street, shares sink
May 24, 2023 3:20 PM EDTShares of Analog Devices (NASDAQ: ADI), a chipmaker specializing in integrated circuits used in analog and digital signal processing, declined by over 8% after the company reported second quarter results.
Analog Devices earnings per share and revenue topped consensus, but its forecast for the third quarter came in below expectations, disappointing Wall... More
