Analog Devices Earnings, Revenue Beat in Q3

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Analog Devices announced earnings per share of $1.36 on revenue of $1.46B. Analysts polled by anticipated EPS of $1.28 on revenue of $1.43B.

Analog Devices shares are down 0% from the beginning of the year, still down 7.47% from its 52 week high of $127.39 set on June 5. They are under-performing the Nasdaq which is up 24.95% from the start of the year.

Analog Devices shares gained 0.53% in pre-market trade following the report.

Analog Devices’s report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.

Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.

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