Analog Devices, Keurig Dr Pepper Q4 Sales Miss Estimates, Q2 Forecasts Affected by Excess Supply
Analog Devices reports a decrease in profit and revenue for the first quarter of 2024, with forecasts for the second quarter falling below estimates due to excess supply affecting demand from industrial and automotive sectors. Keurig Dr Pepper's quarterly sales also fall short of expectations as price hikes lead to decreased demand for their products.
Sources
Cory Johnson ⚡️Analog Devices earnings -- the OTHER semiconductor story. Get the scoop. https://t.co/5k3dkjlTP8 @ADI_News $ADI 🎙️ @DrillDownPod #DrillDownEarnings @FuturumGroup #DDE
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
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