{"id":846938,"date":"2024-08-22T11:06:38","date_gmt":"2024-08-22T05:36:38","guid":{"rendered":"https:\/\/telecomlive.in\/web\/?p=846938"},"modified":"2024-08-22T11:06:07","modified_gmt":"2024-08-22T05:36:07","slug":"chipmaker-analog-devices-forecasts-strong-q4-results-as-demand-recovers","status":"publish","type":"post","link":"https:\/\/telecomlive.in\/web\/2024\/08\/22\/chipmaker-analog-devices-forecasts-strong-q4-results-as-demand-recovers\/","title":{"rendered":"Chipmaker Analog Devices forecasts strong Q4 results as demand recovers"},"content":{"rendered":"<p>Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.<\/p>\n<p>A decline in surplus chip inventory across sectors, including communication, consumer and industrial, has helped chipmakers see a recovery in orders after a years-long slump.<\/p>\n<p>Analog Devices&#8217; consumer segment revenue rose 3% to $316.6 million in the third quarter, compared with analysts&#8217; average estimate of $289.3 million, according to LSEG data.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics. A decline in surplus chip inventory across sectors, including communication, consumer and industrial, has helped chipmakers see a recovery in orders after a years-long slump. Analog Devices&#8217; consumer segment revenue rose 3% to $316.6 million in the third quarter, compared with analysts&#8217; average estimate of $289.3 million, according to LSEG data.<\/p>\n","protected":false},"author":8,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[59,4,10],"tags":[],"class_list":["post-846938","post","type-post","status-publish","format-standard","hentry","category-it-2-the-economic-times","category-newspapers","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846938","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/comments?post=846938"}],"version-history":[{"count":0,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/posts\/846938\/revisions"}],"wp:attachment":[{"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/media?parent=846938"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/categories?post=846938"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/telecomlive.in\/web\/wp-json\/wp\/v2\/tags?post=846938"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}