Investing.com - Analog Devices (NASDAQ:ADI) reported on Wednesday first quarter earnings 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 and are trading at $118.57 , down-from-52-week-high.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 Wednesday, January 29, 2020, 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 Tuesday, January 28, 2020 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.
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