Analog Devices Inc
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Information Technology : Semiconductors & Semiconductor Equipment | Large Cap Blend
Company profile

Analog Devices, Inc. (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products. The Company is a supplier of data converter products. The Company is a supplier of high-performance amplifiers. Its analog product line also includes products of high performance radio frequency (RF) ICs. The Company's DSPs are used for high-speed numeric calculations. The Company offers its products for applications in various end markets, such as industrial, automotive, consumer and communications. The Company operates in the United States, Rest of North/South America, Europe, Japan and China.

Postmarket

Last Trade
Delayed
$156.38
2.09 (1.35%)
Bid
--
Ask
--
B/A Size
--

Market Hours

Closing Price
$154.29
Day's Change
-4.30 (-2.71%)
Bid close
--
Ask close
--
B/A Size
--
Day's High
159.41
Day's Low
154.03
Volume
(Below Average)
Volume:
3,016,479

10-day average volume:
3,526,468
3,016,479

Wells Fargo's stock slumps after revenue falls more than forecast, but profit breaks streak of misses

8:02 am ET January 15, 2021 (MarketWatch)
Print

Shares of Wells Fargo & Co. (WFC) slumped 2.5% in premarket trading Friday, after the bank reported a fourth-quarter profit that beat expectations for the first time in six quarters, but revenue that fell more than forecast as lower interest rates weighed on net interest income. Net income rose to $2.99 billion, or 64 cents a share, from $2.87 billion, or 60 cents a share in the same period a year ago. The FactSet consensus was for earnings per share of 59 cents. Total revenue fell 9.7% to $17.93 billion, missing the FactSet consensus of $18.12 billion, as all of the bank's business segments saw revenue decline. Net interest income dropped 17% to $9.28 billion, below the FactSet consensus of $9.35 billion. Consumer banking and lending revenue fell 5% to $8.61 billion, as an 8% decline in consumer and small business banking revenue and a 7% fall in credit card revenue offset a 2% increase in home lending. "Although our financial performance improved and we earned $3.0 billion in the fourth quarter, our results continued to be impacted by the unprecedented operating environment and the required work to put our substantial legacy issues behind us," said Chief Executive Charlie Scharf. The stock has soared 51.4% over the past three months through Thursday, while the SPDR Financial Select Sector ETF (XLF) has advanced 26.0% and the S&P 500 has gained 9.0%.

-Tomi Kilgore; 415-439-6400; AskNewswires@dowjones.com

	

(END) Dow Jones Newswires

January 15, 2021 08:02 ET (13:02 GMT)

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