BUZZ-Analog Devices rises on upbeat Q1 revenue, profit

Shares of chipmaker Analog Devices ADI.O gain 5.0% to $231.30 premarket

ADI's Q1 revenue of $2.42 bln beat analysts' average estimate of $2.36 bln, according to data compiled by LSEG

In Q1, adjusted EPS of $1.63 also beat estimate of $1.54

Co forecasts Q2 revenue of $2.50 bln, plus or minus $100 million, compared with estimate of $2.46 bln

Up to last close, shares of ADI have risen ~17% in the past 12 months