Analog Devices Stock Rises on Second-Quarter Earnings and Revenue Beats - Barron's
1. ADI reported earnings of $1.85, exceeding analyst expectations of $1.70. 2. Revenue reached $2.64 billion, surpassing the $2.51 billion consensus estimate. 3. Shares rose 3.5% to $230 in premarket trading following the results. 4. Management forecasts Q3 earnings between $1.82 and $2.02 per share. 5. Double-digit growth seen across all markets, indicating strong business recovery.