Analog Devices Q3 Earnings: Revenue And EPS Beat, CFO Highlights Improved Inventory And Order Momentum For Q4

Quick Summary:

The company’s revenue declined 25% year-on-year to $2.31 billion, beating the analyst consensus estimate of $2.27 billion.Adjusted EPS of $1.58 beat the analyst consensus estimate of $1.50.

Analog Devices’ Industrial revenue declined by 37% year-on-year to $1.06 billion.

Analog Devices, Inc.(NASDAQ:ADI) stock traded higher Wednesday after the company reported fiscal third-quarter results.

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Author / Journalist: Anusuya Lahiri

Category: Technology

Markets: United States

Topics: Movers ADI Tech News Earnings Benzinga Briefs Guidance Top Stories Why it's moving US0326541051 Stories That Matter

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-08-21 @ 12:01:56 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: benzinga.com

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 20 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Benzinga

News ID: 22194732

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