Analog Devices Sees Fiscal 2Q Adjusted Profit of $1.10 At Midpoint
19 Februar 2020 - 2:58PM
Dow Jones News
By Micah Maidenberg
Analog Devices Inc. said it expects an adjusted profit of $1.10
a share at the midpoint of its forecast for its fiscal second
quarter.
The chip maker also forecast quarterly revenue of $1.35 billion
at the midpoint, but said the novel coronavirus outbreak caused it
to lower the revenue outlook for the period by $70 million.
Analog said it raised its dividend by 15% for its fiscal first
quarter, declaring a cash payment to shareholders of 62 cents a
share.
Write to Micah Maidenberg at micah.maidenberg@wsj.com
(END) Dow Jones Newswires
February 19, 2020 08:43 ET (13:43 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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