Analog Devices Set New 52-Week High Tuesday

Posted on: Wed, 25 Nov 2009 08:45:00 EST


Symbols: ADI
(RTTNews) - Analog Devices Inc. (ADI | Quote | Chart | News | PowerRating) reported fourth quarter EPS of $0.36 after the close Monday, down from $0.49 in the prior year period. The consensus estimate was for EPS of $0.26. The company expects to report first quarter EPS of $0.36 to $0.37, compared to the consensus estimate of $0.28.

Analog Devices gapped up sharply Tuesday and climbed in early trade, but settled into a range for the majority of the session. Shares finished higher by $1.80 at $29.74 on the highest volume in 6 months. The stock rose above a 4-month range and set a new high for the year.

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