Analog Devices (ADI) released earnings for its fourth quarter that increased from last year.
The company's bottom line totaled $386.53 million, or $1.04 per share. This compares with $277.69 million, or $0.74 per share, in last year's fourth quarter.
Analysts had expected the company to earn $1.32 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company's revenue for the quarter rose 6.2% to $1.53 billion from $1.44 billion last year.
Analog Devices earnings at a glance:
-EPS (Q4): $1.44 vs. $1.19 last year.
-Analysts Estimate: $1.32
-Revenue (Q4): $1.53 Bln vs. $1.44 Bln last year.
-Guidance:
Next quarter EPS guidance: $1.20 - $1.40
Next quarter revenue guidance: $1.43 - $1.57 Bln
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