Shares of Analog Devices Inc. ADI were falling about 5% in premarket trading Wednesday after the chip company beat expectations with the results for its latest quarter but fell short with its profit outlook and said revenue could “moderate” in the second half of the year. The company generated fiscal second-quarter net income of $978 million, or $1.92 a share, compared with $783 million, or $1.49 a share, in the year-earlier quarter. On an adjusted basis, ADI earned $2.83 a share, up from...

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