Analog Devices Q3 Profit Increases, beats estimates

Analog Devices (ADI) released earnings for its third quarter that increased from the same period last year and beat the Street estimates.

The company's bottom line totaled $748.99 million, or $1.44 per share. This compares with $503.31 million, or $1.35 per share, in last year's third quarter.

Excluding items, Analog Devices reported adjusted earnings of $2.52 per share for the period.

Analysts on average had expected the company to earn $2.43 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 76.7% to $3.11 billion from $1.76 billion last year.

Analog Devices earnings at a glance (GAAP) :

-Earnings (Q3): $748.99 Mln. vs. $503.31 Mln. last year.
-EPS (Q3): $1.44 vs. $1.35 last year.
-Analyst Estimate: $2.43
-Revenue (Q3): $3.11 Bln vs. $1.76 Bln last year.

Next quarter EPS guidance: $2.47 - $2.67
Next quarter revenue guidance: $3.05 - $3.25 Bln

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