Analog Devices Inc. (ADI) reported second quarter adjusted EPS of $0.73 after the bell Tuesday, which beat the consensus estimate of $0.72. Third quarter adjusted EPS is expected to be between $0.71 and $0.77. Analysts are expecting EPS of $0.77.
Analog Devices gapped open higher Wednesday and has continued to rise in early trade. The stock is now up 2.05 at $65.50. Analog Devices has broken out of a month and a half long trading range and has set a new high for the year.
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