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Feb 20, 2020 11:21 AM

Await breakout in Analog Devices $ADI 

Analog Devices, Inc.NASDAQ

描述

Stock jumps after earnings but failed to breakout.
Order placed above previous high
Analog Devices (NASDAQ:ADI) +5.2% reports Q1 results that beat on earnings but narrowly missed on revenue.
For Q2, ADI sees revenue of 1.35B (consensus: 1.38B), plus or minus 50M, which was reduced by 70M to account for the potential coronavirus impact. At the revenue midpoint, the company expects operating margins of 37.5% (+/-100 bps) and EPS of $1.10 (+/-$0.08; consensus: $1.13).
Q1 revenue breakdown: Industrial, 684.9M (-7%); Communications, 239.9M (-31%); Auto, 205.3M (-16%); Consumer, 173.4M (-20%).
Gross margin was 68.5% compared to the 68.9% consensus. Operating margin was 36.9%, down from last year's 41.2%.
Source seeking alpha
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