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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.
$ADI | Analog Devices Faces Outlook Cuts but Holds Strong in Auto and Industrial, Analysts Optimistic https://t.co/3k173yy9V9
What you DIDN'T hear about Analog Devices earnings: https://t.co/6jhCfcZYJN @ADI_News $ADI 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
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
