Analog Devices, Inc. (NASDAQ:ADI) stock traded higher Wednesday after it reported fiscal second-quarter 2024 results. The company’s revenue declined 34% year-on-year to $2.16 billion, beating the analyst consensus estimate of $2.11 billion. Adjusted EPS of $1.40 beat the analyst consensus estimate of $1.26. Analog Devices’ Industrial revenue declined by 44% Y/Y to $1.01 billion. Automotive revenue decreased 10% Y/Y to $658.2 million. Communications revenue declined by 45% to $240.8 million, and Consumer revenue decreased by 9% to $245.2 million. The adjusted gross margin declined ...