ADI - Another Semiconductor ER Beat, Pre-market in record-High Territory

Chipmaker $Analog Devices(ADI)$ posts upbeat report, heralds start of cyclical recovery

Chipmaker Analog Devices (ADI) on Wednesday beat Wall Street's targets for its fiscal second quarter and guided higher than views for the current period. ADI stock rose on the news.

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The Wilmington, Mass.-based company earned an adjusted $1.40 a share on sales of $2.16 billion in the quarter ended May 4. Analysts polled by FactSet had expected earnings of $1.26 a share on sales of $2.11 billion. On a year-over-year basis, Analog Devices earnings fell 51% while sales declined 34%.

In premarket trading on the stock market today, ADI stock climbed 6.5% to 230.67. That puts the stock in record-high territory. Its previous regular-session, all-time high was 218.70, which it reached on Monday.

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ADI stock rose on the news.0 seconds of 11 secondsVolume 0%&nbsp;The Wilmington, Mass.-based company earned an adjusted $1.40 a share on sales of $2.16 billion in the quarter ended May 4. Analysts polled by FactSet had expected earnings of $1.26 a share on sales of $2.11 billion. On a year-over-year basis, Analog Devices earnings fell 51% while sales declined 34%.<img src=\"https://community-static.tradeup.com/news/c098f4a81bb3e76d7b4418b3b9ea3817\" tg-width=\"1660\" tg-height=\"673\">In premarket trading on the stock market today, ADI stock climbed 6.5% to 230.67. That puts the stock in record-high territory. Its previous regular-session, all-time high was 218.70, which it reached on Monday.</body></html>","htmlText":"<html><head></head><body><h2 id=\"id_357443123\" style=\"text-align: left;\">Chipmaker <a data-mention-id=\"ADI\" class=\"teditor-mention\" data-mention-name=\"Analog Devices\" href=\"https://ttm.financial/S/ADI\">$Analog Devices(ADI)$</a> posts upbeat report, heralds start of cyclical recovery</h2><img src=\"https://community-static.tradeup.com/news/fab2a08129ac5a3f92d929fd7fc0029c\" tg-width=\"560\" tg-height=\"240\">Chipmaker Analog Devices (ADI) on Wednesday beat Wall Street's targets for its fiscal second quarter and guided higher than views for the current period. ADI stock rose on the news.0 seconds of 11 secondsVolume 0%&nbsp;The Wilmington, Mass.-based company earned an adjusted $1.40 a share on sales of $2.16 billion in the quarter ended May 4. Analysts polled by FactSet had expected earnings of $1.26 a share on sales of $2.11 billion. On a year-over-year basis, Analog Devices earnings fell 51% while sales declined 34%.<img src=\"https://community-static.tradeup.com/news/c098f4a81bb3e76d7b4418b3b9ea3817\" tg-width=\"1660\" tg-height=\"673\">In premarket trading on the stock market today, ADI stock climbed 6.5% to 230.67. That puts the stock in record-high territory. Its previous regular-session, all-time high was 218.70, which it reached on Monday.</body></html>","text":"Chipmaker $Analog Devices(ADI)$ posts upbeat report, heralds start of cyclical recovery Chipmaker Analog Devices (ADI) on Wednesday beat Wall Street's targets for its fiscal second quarter and guided higher than views for the current period. ADI stock rose on the news. 0 seconds of 11 secondsVolume 0% The Wilmington, Mass.-based company earned an adjusted $1.40 a share on sales of $2.16 billion in the quarter ended May 4. Analysts polled by FactSet had expected earnings of $1.26 a share on sales of $2.11 billion. On a year-over-year basis, Analog Devices earnings fell 51% while sales declined 34%. In premarket trading on the stock market today, ADI stock climbed 6.5% to 230.67. That puts the stock in record-high territory. 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