Analog Devices Earnings, Revenue Beat in Q2
2022.05.18 14:21
Analog Devices Earnings, Revenue Beat in Q2
Investing.com – Analog Devices (NASDAQ:ADI) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $2.4 on revenue of $2.97B. Analysts polled by Investing.com anticipated EPS of $2.11 on revenue of $2.83B.
Analog Devices shares are down 6% from the beginning of the year, still down 14.64% from its 52 week high of $191.95 set on November 22, 2021. They are outperforming the S&P 500 which is down 14.21% from the start of the year.
Analog Devices follows other major Information Technology sector earnings this month
Analog Devices’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.52 on revenue of $97.28B, compared to forecasts EPS of $1.42 on revenue of $94.03B.
Microsoft had beat expectations on April 26 with third quarter EPS of $2.22 on revenue of $49.36B, compared to forecast for EPS of $2.19 on revenue of $49.02B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
