Analog Devices Inc.

NASDAQ:ADI   3:59:59 PM EDT
171.51
-1.70 (-0.98%)
4:28:52 PM EDT: $171.59 +0.08 (+0.05%)
Share Repurchases, Other Pre-Announcement

Analog Devices Announces $2.5 Bln Accelerated Share Repurchase, Updates Q4 Outlook

Published: 09/08/2021 02:30 GMT
Analog Devices Inc. (ADI) - Analog Devices Announces $2.5 Billion Accelerated Share Repurchase and Updates Fourth Quarter Outlook.
Analog Devices - Has Entered Into Multiple Accelerated Share Repurchase (asr) Agreements to Repurchase Up to $2.5 Billion of Company's Common Stock.
Analog- Asr Agreements Will Be Completed Under Current Share Repurchase Authorization, Which Has Approximately $10 Billion in Authorization Remaining.
Adi is Funding Repurchases Under Asr Agreements From Available Cash.
Adi Will Receive Initial Deliveries of Approximately 12.2 Million Shares on September 9, 2021.
For Q4 of Fiscal 2021, We Are Now Forecasting Revenue of $2.30 Billion, +/- $70 Million.
Are Planning for Reported EPS to Be $1.25, +/-$0.09, and Adjusted EPS to Be $1.69, +/-$0.09 for Q4.
In First Full Quarter After Combination, Adi Expects Its Weighted Average Diluted Share Count to Be Approximately 530 Million.