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Analog Devices forecasts second half slowdown

Por: The Boston Globe Tech May 25, 2023

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Shares of Analog Devices dropped 8 percent on Wednesday, their sharpest loss in more than three years, after the Wilmington chipmaker said its business was softening.The company, which supplies chips for everything from smartwatches and cars to ultrasound machines, said revenue for its upcoming fiscal third quarter would be around $3.1 billion, about the same sales as a year earlier and less than the average analyst estimate of $3.2 billion.The... + full article



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