Analog Devices Earnings, Revenue Beat in Q3
2022.08.17 15:54
Analog Devices Earnings, Revenue Beat in Q3
Investing.com – Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter earnings that beat analysts’ forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $2.52 on revenue of $3.11B. Analysts polled by Investing.com anticipated EPS of $2.43 on revenue of $3.05B.
Analog Devices shares are up 1% from the beginning of the year, still down 6.73% from its 52 week high of $191.95 set on November 22, 2021. They are outperforming the Nasdaq 100 which is down 16.45% from the start of the year.
Analog Devices shares lost 1.56% in pre-market trade following the report.
Analog Devices follows other major Information Technology sector earnings this month
Analog Devices’s report follows an earnings beat by Apple on July 28, who reported EPS of $1.2 on revenue of $82.96B, compared to forecasts EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on July 26 with fourth quarter EPS of $2.23 on revenue of $51.87B, compared to forecast for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
