The company, whose chips translate real-world signals like pressure, temperature and sound into digital signals, also gave a forecast for the current fourth quarter that was largely in line with analyst estimates. ADI stock eased slightly.

Jerald Fishman, president and chief executive, termed the company's third fiscal quarter "solid," saying that it had turned out "largely as we had planned in terms of our revenue growth, product sales mix and operating expenses."

Analog's fiscal third-quarter net income declined to $120.4 million, or 37 cents per share, from $144.7 million, or 39 cents per share, a year ago. Revenue edged higher to $680.3 million from $663.7 million.

Excluding stock-based compensation expenses as well as expenses related to previously announced acquisitions, Norwood, Massachusetts-based ADI said it had a per-share profit of 41 cents.

Analysts expected a per-share profit, on average, of 36 cents excluding items, within a range of 35 cents to 40 cents, on revenue of $672.9 million, according to Reuters Estimates.

By: DocMemory
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