Analog Devices (ADI) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.64 per share. This compares to earnings of $2.01 per share a year ago.
Shares in Analog Devices Inc (NASDAQ:ADI) jumped 6% pre-market on Tuesday as the chipmaker reported earnings that were higher than expected, thanks to a rebound in orders. A brief decline in bookings during its fiscal third quarter, was followed by orders picking up throughout the fourth quarter, particularly from customers in automotive markets, the company said.
Chipmaker Analog Devices topped analysts' estimates for fourth-quarter revenue and profit on Tuesday, helped by strong demand for its semiconductors used in consumer electronics and a recovery in orders from the auto industry.
The chip maker remains ‘cautiously optimistic' for strong growth in fiscal 2025.
Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Beyond analysts' top -and-bottom-line estimates for Analog Devices (ADI), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended October 2024.
ADI's Q4 results are likely to reflect a mixed performance across its segments amid ongoing macro headwinds.
Analog Devices (ADI) closed the most recent trading day at $209.65, moving +1.6% from the previous trading session.
Analog Devices' strong portfolio and strategic collaborations are likely to help it stay afloat amid the ongoing macroeconomic uncertainties.
Analog Devices (ADI) closed the most recent trading day at $224.19, moving -0.57% from the previous trading session.
Analog Devices (ADI) closed the most recent trading day at $230.14, moving -0.01% from the previous trading session.
Analog Devices (ADI) concluded the recent trading session at $224.62, signifying a -0.47% move from its prior day's close.