Analog Devices is scheduled to report its third-quarter 2009 results on Tuesday after the close. The current consensus is for revenue of $479 million (down 27% year over year but up 1% quarter over quarter) and EPS of 20 cents. In the prior quarter, Analog Devices reported revenue of $475 million (down 27% year over year and flat quarter over quarter) with EPS of 18 cents.
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Gross margin was 55.1%, down nearly 600 basis points on a year-over-year basis but down only 130 basis points quarter over quarter. Both revenue and the gross margin were above original guidance. The operating margin was 12.2%, only half of last year's level on the lower revenue but up about 800 basis points from the prior quarter. Cash from operations was about $75 million.
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