Analog Devices Expects 3Q Earnings to Hold Flat Compared With 2Q
20 Maggio 2020 - 2:44PM
Dow Jones News
By Allison Prang
Analog Devices Inc. is expecting third-quarter earnings and
revenue at the midpoint to hold flat from the second quarter.
Analog said it expects earnings to be 72 cents a share and for
adjusted earnings to be $1.08 a share, both give or take 11 cents a
share. Both amounts are the same as what the company reported for
the second quarter. According to FactSet, analysts are expecting 99
cents a share in adjusted earnings.
The company said it expects third-quarter revenue to be $1.32
billion, give or take $70 million. Analysts are expecting $1.31
billion.
It expects its operating margin to be about 26.4% at its
midpoint for revenue guidance, give or take 200 basis points and
for the adjusted operating margin at that midpoint of revenue
guidance to be about 38.3%, give or take 150 basis points.
Write to Allison Prang at allison.prang@wsj.com
(END) Dow Jones Newswires
May 20, 2020 08:29 ET (12:29 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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