Analog Devices stock pops after strong outlook and dividend hike — what traders watch next
Analog Devices shares rose 2.6% to $346.37 in after-hours trading after reporting fiscal Q1 revenue up 30% to $3.16 billion and adjusted EPS of $2.46, both above forecasts. The company cited strong industrial demand and record data-center orders, and raised its quarterly dividend by 11% to $1.10 a share.