UPDATE 1-Analog Devices Q1 results top estimates

miércoles 17 de febrero de 2010 22:29 CET

* Q1 EPS $0.43 vs est. $0.38

* Q1 rev $603 mln vs est. $575.5 mln

* Sees Q2 rev $635 mln-$650 mln vs est. $596.66 mln

* Shares up 4 pct in after-market trade

Feb 17 (Reuters) - Microchip maker Analog Devices Inc ADI.N posted stronger-than-expected quarterly results as orders continued to strengthen, and guided second-quarter revenue above Street expectations, sending its shares up 4 percent after the bell.

The company, which makes chips for cars, video game consoles and defense equipment, said its net income from continuing operations rose to $119.6 million, or 39 cents a share, from $24.6 million, or 8 cents a share, a year ago.

Excluding items, the company earned 43 cents a share. Revenue rose 27 percent to $603 million.

Analysts were expecting earnings of 38 cents per share on revenue of $575.5 million, according to Thomson Reuters I/B/E/S.

For the second quarter, the company said it expects earnings from continuing operations of about 48 cents to 51 cents per share, on revenue of $635 million to $650 million.   Continuación...