Replies to post #2288 on QID - QLD TRENDS (fka )

[nancy2]

how things head south rapidly. ADI had a terrific qtr and guided up last time. now they missed their own guide up and warned next qtr !

16:10 ADI Analog Devices misses by $0.02, light on revs; guides below Q4 consensus (33.83 -1.92)

Reports Q3 (Jul) earnings of $0.43 per share, $0.02 worse than the Reuters Estimates consensus of $0.45; revenues rose 37.9% year/year to $717.8 mln vs the $738.5 mln consensus. Gross Margins rose to 60% of sales. Co states, "Our results in the third quarter were mixed, as margins improved and the balance sheet remained strong, but declining order rates led to slower than expected revenue growth... As a result, earnings came in at the low end of the guidance we provided on May 13, but earnings still grew at nearly twice the revenue growth rate for the quarter.... Our customers appear somewhat more cautious in the short term and therefore, we are planning for fourth quarter revenue that is approximately flat compared to third quarter revenue. We also expect gross margins and EPS for the fourth quarter to be about the same as for the third quarter." Reuters consensus for Q4 EPS is $0.48 and revs is $777.7 mln.