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Analog Devices Expects Revenue to Slide More. Chip Stocks Still Face Headwinds.

Por: MarketWatch Business August 23, 2023

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“In a challenging operating environment, ADI executed well, and delivered third quarter results within our expectations. However, the customer inventory adjustments we mentioned last quarter have accelerated as economic conditions deteriorate and our lead times continue to improve,” said CEO Vincent Roche in a company statement.  The company’s quarterly revenue was down 1% from the same period a year ago. Revenue in its biggest markets,... + full article



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