Analog Devices Tops Views on Strong Data Center, Industrial Chip Sales

3-line summary

• Chipmaker Analog Devices easily beat estimates for its fiscal third quarter and issued a strong outlook for fiscal Q4, according to a report cited by Yahoo Finance.
• The company earned an adjusted $3.45 a share on sales of $4.02 billion in the quarter ended Aug. 1, versus analyst expectations of $3.34 a share; ADI stock rose on the news.

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