On Wednesday, Shares of Analog Devices (NASDAQ: ADI) showed the bullish trend with a higher momentum of 0.44% to $114.11. The company traded total volume of 3,437,855 shares as contrast to its average volume of 2.79M shares. The company has a market value of $42.07B and about 368.70M shares outstanding.
Analog Devices Inc. (ADI) stated fiscal first-quarter net income of $355.0M. On a per-share basis, the Norwood, Massachusetts-based company said it had profit of 95 cents. Earnings, adjusted for one-time gains and costs, were $1.33 per share. The results surpassed Wall Street expectations. The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $1.28 per share.
The semiconductor maker posted revenue of $1.54B in the period, also surpassing Street forecasts. Ten analysts surveyed by Zacks expected $1.51B. For the current quarter ending in May, Analog Devices anticipates its per-share earnings to range from $1.23 to $1.37.
The company said it anticipates revenue in the range of $1.45B to $1.55B for the fiscal second quarter.
The Company offered gross profit margin of 68.00%. The stock, as of recent close, has shown the weekly upbeat performance of 1.04% which was maintained at 32.95% in this year.