By Will Feuer


Analog Devices Inc. issued guidance ranges for the current quarter comparable with analysts' views, though Chief Executive Vincent Roche said economic uncertainty is beginning to weigh on bookings.

The semiconductor company said it expects revenue for the fiscal fourth quarter to be between $3.05 billion and $3.25 billion. Analysts surveyed by FactSet expected revenue to be $3.11 billion for the current quarter.

Earnings are expected to be between $1.59 a share and $1.79 a share. Adjusted earnings are expected to be between $2.47 a share and $2.67 a share. Analysts were looking for fourth-quarter adjusted earnings of $2.50 a share, according to FactSet.

"While economic uncertainty is beginning to impact bookings, demand continues to outpace supply, resulting in higher backlog, paving the way for a strong finish to a banner year," Mr. Roche said.

"With customers increasingly focused on digitalization, appreciation for ADI's cutting-edge technology is accelerating. This undeniable trend, along with our relentless focus on innovation, gives me great confidence in our ability to drive long-term growth while making a positive societal impact," he said.

Shares of Analog Devices fell almost 3% in premarket trading, to $174 a share. The stock was up about 2% so far this year.


Write to Will Feuer at Will.Feuer@wsj.com


(END) Dow Jones Newswires

08-17-22 0757ET