India, Feb. 19 -- Semiconductor company Analog Devices, Inc. (ADI), while reporting weak first-quarter results but above market, on Wednesday issued outlook for second quarter. The company also raised dividend, and announced share repurchase authorization of additional $10.0 billion.
In pre-market activity on the Nasdaq, Analog Devices shares were gaining around 5 percent to trade at $231.51.
For the second quarter, the company projects earnings per share to be $0.97, plus or minus $0.10, and adjusted earnings per share of $1.68, plus or minus $0.10.
Revenue is projected to be $2.50 billion, plus or minus $100 million.
The Wall Street analysts on average expect the company to report earnings of $1.66 per share on revenues of $2.46 billi...