Analog Devices reported a 53.6% revenue increase of 53.6% YoY in fiscal fourth quarter (ended Oct.) to US $ 1.54bn and net profit of US $ 348m, up 17% YoY. Excluding unusual events, EPS was $ 1.45 According to Reuters, analysts expected revenue, EPS were 1.5 billion and 1.36 US dollars.
It is worth mentioning that, Analog Devices gross margin reached 70.9% quarter, higher than the previous quarter's 70.5%, but also better than 66.6% over the same period last year.
Looking ahead, Analog Devices expects revenue to be between $ 1.44 and $ 1.84 billion with a median of $ 1.49 billion higher than analysts' estimate of $ 1.46 billion. In addition, Analog Devices estimates EPS at $ 1.2-1.36, The median of $ 1.28 is also above analysts' estimate of $ 1.18.
Analog Devices ended the day that it still closed down 3.09% to $ 90.19. Analysts said the reason for this part of the reason is that the company is looking for another week (14 weeks in total) this quarter. If this week is deducted, the revenue outlook will be lower than expected.