07:29 AM EST, 11/26/2024 (MT Newswires) -- Analog Devices ( ADI ) reported fiscal Q4 adjusted earnings Tuesday of $1.67 per diluted share, down from $2.01 a year earlier.

Analysts polled by FactSet expected $1.64.

Revenue for the quarter ended Nov. 2 was $2.44 billion compared with $2.72 billion a year earlier.

Analysts surveyed by FactSet expected $2.41 billion.

For fiscal Q1, the company expects its adjusted EPS to be $1.53 at midpoint, plus or minus $0.10. Analysts polled by FactSet expected $1.55. The company expects revenue for the quarter of $2.35 billion at midpoint, plus or minus $100 million. Analysts surveyed by FactSet expected $2.34 billion.

The company maintained quarterly dividend of $0.92 per share, to be paid on Dec. 20, to all shareholders of record at the close of business on Dec. 9.

ADI shares were more than 5% higher in premarket trading.