ADI $40-$38 Analog Devices reports Q2 revs above consensus. guides Q3 EPS, revs below consensus (40.42 +0.28)
Reports Q2 (Apr) earnings of $0.36 per share, excluding restructuring and acquisition charges totalling $0.027 as well as a gain from a litigation settlement of $0.036, but including option expense of $0.037, $0.01 worse than the Reuters Estimates consensus of $0.37, $0.01 better than $0.35 First Call consensus; revenues rose 3.9% year/year to $669.1 mln vs the $658.9 mln consensus. Co issues downside guidance for Q3, sees EPS of $0.34-0.38, excluding acquisition charges totalling $0.006 but including option expense of $0.038, vs. $0.40 consensus; sees Q3 revs of $665-685 mln vs. $683.49 mln consensus.
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