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Analog Devices Drops In After-Hours Following Earnings Release
Analog Devices Inc. (ADI: News, Chart, Quote ) is falling during Tuesday's after-hours trading following earnings that failed to impress investors.

At 4:59 pm ET the stock is trading at $34.18 down $0.55 from Tuesday's close.

with the decline the stock will open at a level that reverses some gains seen last week.

The company reported net income of $133.08 million, or $0.45 per share, up from $125.3 million, or $0.37 per share, in the prior year quarter.

Non-GAAP earnings per share from continuing operations rose to $0.44 from $0.35 in the preceding year quarter.

On average, 19 analysts polled by First Call/Thomson Financial expected the company to report earnings of $0.41 per share.

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