53.00 Dollar US$ Chipmaker Analog Devices forecasts strong Q4 results as demand... Lupton City
- Location: Ld8 6ex, Lupton City, Montana, United States
Aug 21 (Reuters) - Analog Devices forecast fourth-quarter revenue and Top rated smart locks profit above Wall Street expectations on Wednesday, as it benefits from returning demand for In the event you adored this short article in addition to you would like to be given more information concerning Smart products i implore you to visit our own internet site. its chips used in consumer electronics.
A decline in surplus chip inventory across sectors, including communication, consumer and Smart wifi devices industrial, has helped chipmakers see a recovery in orders after a years-long slump.
Analog Devices' consumer segment revenue rose 3% to $316.6 million in the third quarter, compared with analysts' average estimate of $289.3 million, Light switches with timers according to LSEG data.
Shares of Wilmington, Massachusetts-based Analog Devices rose 1.3% in premarket trading after the company's third-quarter profit of $1.58 per share also beat LSEG estimates of $1.51.
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