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Shares of Analog Devices Inc. ADI, +5.23% surged 1.8% in premarket trading Wednesday, after the semiconductor maker reported fiscal first-quarter adjusted profit and revenue that rose above expectations, provided an upbeat outlook and raised its dividend by 10%. Net income fell to $280.1 million, or 53 cents a share, from $388.5 million, or $1.04 a share, in the year-ago period.
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