Analog Devices Posts Strong Fiscal Q3 Results
Analog Devices, Inc. NASDAQ: ADI, a global leader in high-performance semiconductors for signal processing applications, has announced financial results for its third quarter of fiscal year 2015, which ended August 1, 2015.
“We had a very strong third quarter, with revenue growing to a record $863 million and earnings at the very high end of expectations,” said Vincent Roche, President and CEO. “Once again this quarter, our focus on sustainable innovation that bridges the physical and digital worlds across diverse applications and markets, coupled with strong execution throughout the Company, delivered solid growth and profits.”“Looking ahead, stable order rates and a positive book to bill ratio lead us to plan for sequential growth in the fourth quarter, and for revenue to be in the range of $880 million to $940 million.”ADI also announced that the Board of Directors has declared a cash dividend of $0.40 per outstanding share of common stock. The dividend will be paid on September 9, 2015 to all shareholders of record at the close of business on August 28, 2015.