Analog Devices $ADI Beats Earnings, Stock Down; Market Cap 93.91B, Q4 Rev Down 23% YoY, Q4 EPS Down 37% YoY, Q1 Rev Guidance -36% YoY
Analog Devices $ADI reported earnings that beat expectations, with EPS at 1.73 vs. forecast of 1.71 and revenue at 2.51B vs. 2.5B forecast. Despite this, the stock was down slightly. The company's market cap stands at 93.91B. The Q4 (FY Q1) revenue and EPS were down significantly year over year, with Q1 (FY Q2) revenue guidance also showing a decline. Analysts remain optimistic about the company's performance in the auto and industrial sectors.
Sources
Benzinga
$ADI | Analog Devices Faces Outlook Cuts but Holds Strong in Auto and Industrial, Analysts Optimistic https://t.co/3k173yy9V9
Cory Johnson ⚡️What you DIDN'T hear about Analog Devices earnings: https://t.co/6jhCfcZYJN @ADI_News $ADI 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
- Cory Johnson ⚡️
Give us 1 min and we'll tell you everything you need to know about Analog Devices's latest earnings: https://t.co/5k3dkjlTP8 @ADI_News $ADI 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
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