Analog Devices Announces 84% Increase In Q3 Bottom Line

(RTTNews) - Analog Devices (ADI) reported a profit for its third quarter that advanced compared to the same period last year.

The company said its bottom line came in at $467.66 million, or $1.26 per share. This was higher than $254.66 million, or $0.82 per share, in last year's third quarter.

Analysts had expected the company to earn $1.15 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 67.9% to $1.46 billion. This was up from $869.59 million last year.

Analog Devices earnings at a glance:

-Earnings (Q3): $467.66 Mln. vs. $254.66 Mln. last year. -Earnings Growth (Y-o-Y): 83.6% -EPS (Q3): $1.26 vs. $0.82 last year. -EPS Growth (Y-o-Y): 53.7% -Analysts Estimate: $1.15 -Revenue (Q3): $1.46 Bln vs. $869.59 Mln last year. -Revenue Change (Y-o-Y): 67.9%

-Guidance: Next quarter EPS guidance: $1.29 - $1.43 Next quarter revenue guidance: $1.45- $1.55 Bln