Analog Devices Earnings Beat, Revenue Inline In Q1

Investing.com – Analog Devices reported on Wednesday first quarter that beat analysts’ forecasts and revenue that was inline with expectations.

Analog Devices announced earnings per share of $1.03 on revenue of $1.30B. Analysts polled by Investing.com anticipated EPS of $1 on revenue of $1.3B. That with comparison to EPS of $1.33 on revenue of $1.54B in the same period a year before. Analog Devices had reported EPS of $1.19 on revenue of $1.44B in the previous quarter. Analysts are expecting EPS of $1.13 and revenue of $1.38B in the upcoming quarter.

Analog Devices shares are down 0.23% from the beginning of the year , still down 4.98% from its 52 week high of $124.78 set on July 24, 2019. They are under-performing the S&P 500 which is up 3.87% year to date.

Analog Devices follows other major Technology sector earnings this month

Analog Devices’s report follows an earnings beat by Microsoft on January 29, who reported EPS of $1.51 on revenue of $36.91B, compared to forecasts EPS of $1.05 on revenue of $32,512M.

Apple had beat expectations on January 28 with first quarter EPS of $4.99 on revenue of $91.82B, compared to forecast for EPS of $4.54 on revenue of $88.51B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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