Chipmaker Analog Devices forecasts strong Q4 results as demand...
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Published date: 2024/12/07
- Location: 71726, Trimíthi, Pafos, Cyprus
Aug 21 (Reuters) - Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand Smart home automation pakistan for its chips used in consumer electronics.
If you have just about any inquiries about wherever as well as the best way to work with Smart home automation brands, you possibly can email us at our own website. A decline in surplus chip inventory across sectors, Smart home automation hub including communication, consumer and industrial, Smart house 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, 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.
If you have just about any inquiries about wherever as well as the best way to work with Smart home automation brands, you possibly can email us at our own website. A decline in surplus chip inventory across sectors, Smart home automation hub including communication, consumer and industrial, Smart house 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, 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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