Analog Devices Results Boosted by Higher Demand for Automotive Chips

Key TakeawaysAnalog Devices beat profit and sales estimates as demand for chips picked up in its fiscal fourth quarter.The company got a boost from sales of semiconductors used in the automotive sector.CFO Richard Puccio said Analog Devices continues to face "macroeconomic uncertainty." Shares of Analog Devices (ADI) advanced Tuesday as the semiconductor maker posted better-than-anticipated results on a pickup in demand for automotive chips. The company reported fiscal fourth-quarter adjusted earnings per s ...