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Analog Devices announced earnings per share of $1.08 on revenue of $1.32B. Analysts polled by Investing.com anticipated EPS of $1.04 on revenue of $1.33B. That with comparison to EPS of $1.36 on revenue of $1.53B in the same period a year before. Analog Devices had reported EPS of $1.03 on revenue of $1.3B in the previous quarter. Analysts are expecting EPS of $1.04 and revenue of $1.34B in the upcoming quarter.
Analog Devices shares are down 10% from the beginning of the year , still down 16.47% from its 52 week high of $127.30 set on February 19. They are under-performing the Nasdaq which is up 1.61% year to date.
Analog Devices shares gained 3.36% in pre-market trade following the report.
Analog Devices’s report follows an earnings beat by Microsoft on April 29, who reported EPS of $1.4 on revenue of $35.02B, compared to forecasts EPS of $1.27 on revenue of $33.66B.
Apple had beat expectations on April 30 with second quarter EPS of $2.55 on revenue of $58.31B, compared to forecast for EPS of $2.24 on revenue of $54.78B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
