By Micah Maidenberg

Analog Devices Inc. (ADI) said sales weakened in its latest quarter amid a challenging global economic environment.

The Norwood, Mass.-based semiconductor maker Tuesday reported $1.44 billion in sales for its fiscal fourth quarter, down 6% compared with last year.

Analysts polled by FactSet predicted Analog would generate $1.45 billion in sales for the latest quarter, which ended Nov. 2.

Analog Devices Chief Executive Vincent Roche cited "continued trade and macro uncertainty" in a statement about results.

The company reported net income of $277.7 million, or 74 cents a share, for the quarter, down from $404.9 million, or $1.08 a share, last year.

Analog also reported an adjusted profit of $1.19 a share, 3 cents less than what analysts had predicted for the quarter.

Write to Micah Maidenberg at micah.maidenberg@wsj.com

(END) Dow Jones Newswires

November 26, 2019 08:27 ET (13:27 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.
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