Analog Devices Inc. shares were halted in the extended session Thursday after the maker of integrated circuits cut its revenue outlook. Shares of Analog Devices had fallen 3.9% to $48.51 after hours before they were halted. Shares are expected to resume trading at 5 p.m. Eastern. The company said it expects fiscal first-quarter revenue of $745 million to $765 million, compared with its previous forecast of $805 million to $855 million. Analysts surveyed by FactSet had estimated revenue of $829.9 million. The company said the cut was due to weaker-than-forecast demand in its portable consumer business unit that is expected to continue into the fiscal second quarter.
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