shares of analog devices inc adi were up 4 in premarket trading tuesday after the chip company topped earnings expectations for its latest quarter and issued an upbeat outlook the company posted fiscal fourthquarter net income of 936 million or 182 a share compared with 76 million or 16 cents a share in the yearearlier period on an adjusted basis analog devices earned 273 a share up from 173 a share a year before analysts tracked by factset were anticipating 258 a share in adjusted earnings revenue rose to 325 billion from 234 billion while analysts were expecting 315 billion for the fiscal first quarter executives at analog devices model revenue of 305 billion to 325 billion along with adjusted earnings per share of 250 to 270 the factset consensus was for 304 billion in revenue and 242 in adjusted eps while the economic backdrop continues to cause demand uncertainty we are wellpositioned in the nearterm with stabilizing orders a strong backlog and continued design win momentum chief executive vincent roche said in a release