Top Shares Alert - Analog Devices (NYSE:ADI) Q4 Beats Estimates, Share Up

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Analog Devices, Inc. (NYSE:ADI) surged 6% to $29.65 after it reported its fiscal fourth-quarter net income fell to $105.6 million, or 36 cents a share, from $143.9 million, or 49 cents a share, in the same period last year. Revenue fell 13% to $572 million, the semiconductor company said. Analysts polled by Thomson Reuters had estimated Analog Devices would post fourth-quarter earnings of 26 cents a share and $523.8 million in revenue.

Analog Devices, Inc. is engaged in the designing, manufacturing and marketing of analog, mixed-signal and digital signal processing integrated circuits (ICs) used in industrial, communication, computer and consumer applications. The ICs are designed to address a range of signal processing applications.