Analog Devices (ADI) shares advanced in intraday trading Wednesday after the semiconductor maker posted better-than-expected results as it benefited from a rebound in the industry.
Although the revenue and EPS for Analog Devices (ADI) give a sense of how its business performed in the quarter ended July 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Analog Devices (ADI) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.50 per share. This compares to earnings of $2.49 per share a year ago.
Analog Devices forecast fourth-quarter revenue and profit above Wall Street expectations on Wednesday, as it benefits from returning demand for its chips used in consumer electronics.
The semiconductor company reports third-quarter adjusted earnings of $1.58 a share, beating Wall Street estimates of $1.51.
Chipmaker Analog Devices beat Wall Street's targets for its fiscal Q3 and guided modestly higher than views for Q4.
Analog Devices' (ADI) third-quarter fiscal 2024 results are likely to be affected by softness in the industrial, consumer and communication markets.
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Besides Wall Street's top -and-bottom-line estimates for Analog Devices (ADI), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended July 2024.
Analog Devices (ADI) closed at $215.32 in the latest trading session, marking a -1.23% move from the prior day.
Analog Devices (ADI) closed the most recent trading day at $201.31, moving -1.74% from the previous trading session.
Analog Devices (ADI) closed at $227.40 in the latest trading session, marking a +0.43% move from the prior day.