Analog Devices released its fourth quarter financial results after the closing bell on Tuesday. The company posted a plunge in earnings, due to acquisition expenses, while sales jumped. Despite the decline in earnings, the company’s results beat expectations.

Earnings

The company reported earnings of $108.7 million, or 34 cents per share, down from $201.6 million, or 64 cents per share, last year. Excluding special items, earnings were 69 cents per share, compared to 63 cents per share in the year prior. On average, analysts expected to see 68 cents in EPS.

Revenue
Sales increased 20% to $814 million from $678 million. Analysts expected to see revenue of $804.58 million.

Outlook
Looking ahead to Q1, ADI expects to see adjusted earnings between 58 cents and 64 cents per share. Sales are expected to be between $745 million and $775 million. Analysts expect to see earnings of 62 cents and $766.4 million in sales.

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