Analog Devices (ADI) shares soared to an all-time high Wednesday after the company’s fiscal first-quarter results topped expectations and the company boosted its 澳洲幸运5官方开奖结果体彩网:share-buyback program. 

The 澳洲幸运5官方开奖结果体彩网:chipmaker posted first-quarter revenue of $2.42 billion, down 4% 澳洲幸运5官方开奖结果体彩网:year-over-year but above the 澳洲幸运5官方开奖结果体彩网:analyst consensus from Visible Alpha. Its adjusted earnings per share of $1.63 also to𝓰pped exওpectations.

Company Expec🀅tꦉs To Return to Growth This Fiscal Year

澳洲幸运5官方开奖结果体彩网:Chief Financial Officer Richard Puccio said Analog Devices expects to return to growth in fiscal 20ღ25, driven by rising bookings and strength in its industri⛄al and automotive segments. The company projects revenue of $2.4 billion to $2.6 billion for its fiscal second quarter, above the analyst consensus at the midpoint. 

Analog Devices also said it authorized an additional $10 billion for 澳洲幸运5官方开奖结果体彩网:share repurchases, bringing its total authorization to $11.5 billion. The company raised its dividend 8% to 99 cents per share as well. 

Shares of Analog Devices were up over 9% at $241.17 in Wednesday afternoon trading, on track to close at an all-time high after setting an intraday record at $242.51. The stock has added about a quarter of its value in the past 12 months🌺.