NEW YORK (TheStreet) -- Analog Devices
(ADI - Get Report) was falling -0.8% to $51.80 after-hours Tuesday after meeting analysts' estimates for earnings its fiscal third quarter results.
For the third quarter the company reported earnings of 63 cents a share, in line with the Thomson Reuters consensus estimate. Revenue grew 7.2% from the year-ago quarter to $722.4 million, beating analysts' estimates of $716.32 million.
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TheStreet Ratings team rates ANALOG DEVICES as a Buy with a ratings score of A-. TheStreet Ratings Team has this to say about their recommendation:
"We rate ANALOG DEVICES (ADI) a BUY. This is based on the convergence of positive investment measures, which should help this stock outperform the majority of stocks that we rate. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows weak operating cash flow." You can view the full analysis from the report here:
ADI Ratings Report
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