Analog Devices Inc. (ADI) reported second quarter adjusted EPS of $0.52 after the close Tuesday, which matched the consensus estimate. The company expects to report third quarter EPS of $0.51 to $0.56, compared to the consensus estimate of $0.58. The stock is now down 1.04 on 49K shares.
Analog Devices gapped open slightly lower Tuesday, but moved in a narrow range throughout the session. Shares finished down by 0.31 at $46.56. The stock closed near the middle of a week and a half long range.
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