Analog Devices: Slump Might Be Over, But The Rally Isn't Here - Still Hold

draganab/E+ via Getty Images Analog Devices (NASDAQ:ADI) reported its third quarter FY24, sending shares higher after management announced a beat on top and bottom lines with sequential growth after four quarters of sequential sales decline. The company reported sales up roughly 7% Q/Q and down 25% Y/Y to $$2.31B versus estimates of $$2.27B and adjusted EPS of $$1.58, ahead of estimates of $$1.50. The real surprise was from management's outlook for Q4; the company expects sales of $$2.40B, +/- $$100M, for 4%  ...