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Analog Devices (ADI) Stock Climbs on Q3 Beat

NEW YORK (TheStreet) -- Shares of Analog Devices (ADI) were up in pre-market trading on Wednesday after reporting better-than-expected financial results for the 2016 third quarter.

Before the market open, the Norwood, MA-based semiconductor company posted adjusted earnings of 82 cents per share, topping analysts' estimates of 76 cents per share.

Revenue rose 1% year--over-year to $869.6 million, beating analysts' projections of $851.7 million.

For the current quarter, Analog Devices expects to report adjusted per-share...


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