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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’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
