Analog Devices: Fiscal Q1 Earnings Snapshot

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Analog Devices Inc. (ADI) reported a strong fiscal first quarter, with profits of $830.8 million and adjusted earnings of $2.46 per share, exceeding Wall Street expectations. The semiconductor maker also surpassed revenue forecasts, bringing in $3.16 billion, and provided optimistic guidance for the fiscal second quarter. ADI shares have performed well, rising 24% year-to-date and 57% over the last 12 months.

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