Chipmaker Analog Devices (ADI) on Wednesday easily beat estimates for its fiscal third quarter and with its outlook for fiscal Q4. ADI stock rose on the news. The Wilmington, Mass.-based company earned an adjusted $3.45 a share on sales of $4.02 billion in the quarter ended Aug. 1.
Analysts surveyed by FactSet had expected earnings of $3.34 a share on…
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