Analog Devices, Inc. (ADI) - Get Report is expected to report net income of $457.7 million, or $1.22 a share, on sales of $1.5 billion before the market opens on Wednesday, based on a FactSet survey of 21 analysts.
In the same period a year ago, the company posted earnings of $1.53 a share on sales of $1.6 billion. It reported net income of $398.8 million.
The company offered guidance of $1.15 to 1.29 a share at the time of its last earnings report on May. 22. Shares have risen 9.6% since then.
Quarterly estimates have risen less than 1 cent a share in the past month.
In the upcoming quarter analysts are forecasting net income of $480 million, or $1.29 a share, on sales of $1.5 billion.
Analog Devices is currently trading at a price-to-forward-earnings ratio of 20.4 based on the 12-month estimates of 22 analysts surveyed by FactSet.
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