S&P 500
7,226.20
+0.01%
Dow Jones
49,494.60
-0.62%
Nasdaq 100
27,685.40
+0.66%
Russell 2000
2,804.78
-0.02%
FTSE 100
10,364.50
0.00%
Nikkei 225
59,260.50
-0.78%

Telecom & Wireless

Analog Devices Sees Orders Strengthening

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Published
Follow 24/7 Wall St. on Google
This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions taken through them.

Analog Devices (ADI-NYSE) Revenue $692 million, including $35 million technology license fee; Q1 Diluted EPS: $0.44 GAAP and $0.40 non-GAAP.  Estimates were $0.41 EPS & $652 million revenues.  Gross margin for the first quarter was (Non-GAAP) 59.0% of product revenue, down from 59.2% last year and down from 59.4% last quarter.

OUTLOOK: Non-GAAP diluted EPS is planned to be $0.37 to $0.42.  Revenue for the second quarter is planned to be approximately $640 to $670 million and Non-GAAP gross margins are planned to be approximately 58.5% to 59% of revenue. ESTIMATES ARE $0.42 and $660.75 million.

Jerald Fishman CEO said: "Orders from customers and distributors began strengthening in January and have continued to be strong, which we believe is a positive sign of improving industry conditions.  Therefore, we are planning for good growth in our second fiscal quarter."

The street must have been braced for atrocious numbers because shares are up 4.9% in after-hours at $34.95, and that is after closing up 1% at $33.32 in regular trading.  The 52-week range is $26.07 to $39.81.  It is good to see a chip stock that can actually trade higher after earnings, but these guys could sure use a name change.

Jon C. Ogg
February 21, 2007 

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Continue Reading

Why Lululemon Stock Was Hammered After Hours
Paul Ausick |

Why Lululemon Stock Was Hammered After Hours

Lululemon Athletica Inc. (NASDAQ: LULU) reported first-quarter 2016 results after markets closed Thursday afternoon. The yoga gear maker reported adjusted…
Douglas A. McIntyre |

Adobe Beats, But Some Wanted More (ADBE)

Adobe Systems Incorporated (NASDAQ: ADBE) reported results for its fourth quarter and fiscal year ended Nov. 30, 2007 (Q4 2007):…
Douglas A. McIntyre |

SINA Doesn’t Make The Grade (SINA, SOHU, BIDU)

SINA Corporation (Nasdaq:SINA): Non-GAAP net income was $16.1 million or $0.27 diluted non-GAAP and $0.25 GAAP EPS; net revenues increased…
Douglas A. McIntyre |

CMGI’s Great Quarter Tarnished By Loss of H-P Business

CMGI INC. (CMGI-NASDAQ) Earnings Highlights: For the second quarter, CMGI reported net income of $35.9 million or $0.07 diluted earnings…
Douglas A. McIntyre |

Syntax-Brillian Can’t Be Trusted

Syntax-Brillian Corporation (BRLC-NASDAQ) reported revenue of $162.9 million, up 257% from revenue of $45.7 million in the year-ago quarter.  GAAP…
Douglas A. McIntyre |

SunPower Surprise Leads Solar Shares Higher (SPWRA, FSLR, STP, ENER)

SunPower Corp. (NASDAQ: SPWRA) has managed to do what many were not expecting.  It blew the doors off of estimates. …
Investors Love Tesla’s Growth Plans
Paul Ausick |

Investors Love Tesla’s Growth Plans

Tesla Motors Inc. (NASDAQ: TSLA) reported first quarter 2016 earnings after markets closed on Wednesday. For the quarter, the electric…
Paul Ausick |

SunPower Gets a Boost After Earnings

SunPower Corp. (NASDAQ: SPWR) reported second quarter 2015 results after markets closed Tuesday afternoon. For the quarter, the solar panel…
Abercrombie & Fitch Doubles Profit, Cautious on Q4
Paul Ausick |

Abercrombie & Fitch Doubles Profit, Cautious on Q4

Abercrombie & Fitch reported better-than-expected fiscal third-quarter 2015 results before markets opened Friday.

Top Gaining Stocks

Cboe Global Markets
CBOE • Vol: 1,568,143
New Pluto Global
PSKY • Vol: 12,285,993
Seagate Technology
STX • Vol: 7,378,346
Oracle
ORCL • Vol: 26,317,675
Datadog
DDOG • Vol: 6,247,779

Top Losing Stocks

LKQ
LKQ • Vol: 4,367,433
Clorox
CLX • Vol: 13,260,523
Stryker
SYK • Vol: 4,519,455
Mohawk Industries
MHK • Vol: 1,859,865
Amgen
AMGN • Vol: 3,818,618