posted a slight upside surprise on revenues and earnings in its January quarter, while guiding for continued growth in both areas in the quarter now underway.
Sales totaled $467 million, better than ADI's forecast for revenues to stay flat with the October quarter's $456 million. Sales were up 19% from last year's levels.
ADI posted a profit as calculated by generally accepted accounting principles of $60 million or 16 cents a share, up from 6 cents a year ago.
On a pro forma basis, earnings were 17 cents, a penny above expectations and up from 11 cents for the same period last year. The pro forma number excludes a $2.8 million charge for acquisition-related expenses.
The company said sales and earnings were slightly above guidance, due to better-than-expected sales of wireless analog and DSP products.
ADI expects revenues to grow 3% to 5% sequentially in the quarter now underway, adding that if the order strength seen in January continues on pace, sales should fall at the high end of the range. But since many of its orders are being placed for a quick turnaround, visibility remains limited, the company added. It's also gearing for GAAP EPS of 17 cents to 18 cents.
Leading up to ADI's financial results, analysts were expecting the company to post April-quarter results of 18 cents pro forma earnings on sales of $473 million.