Chip Maker Analog Devices Warns of Slowdown, Shares Plunge

Analog Devices reported record quarterly sales but warned revenue would decrease next quarter.
The company cited a slowdown in the automotive and industrial markets.
Analog Devices stock price dropped the most in over three years following the news.
The slowdown is spreading from the company's consumer and communications divisions to other areas of its business.
Despite topping earnings expectations, the company's forecast of flat revenue growth worried investors.