Analog Devices forecasts quarterly revenue above estimates


FILE PHOTO: Analog Devices' logo is pictured on a smartphone in this illustration taken, December 4, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - Analog Devices forecast third-quarter revenue above Wall Street expectations on Wednesday, helped by a rise in demand for its automotive and industrial chips after a prolonged slump.

The company expects revenue of $2.27 billion, plus or minus $100 million, compared with estimates of $2.16 billion, according to LSEG data.

(Reporting by Zaheer Kachwala in Bengaluru; Editing by Vijay Kishore)

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