Analog Devices Q2 Adj EPS $2.83 Beats $2.75 Estimate, Sales $3.26B Beat $3.21B Estimate
Portfolio Pulse from Benzinga Newsdesk
Analog Devices (NASDAQ:ADI) reported Q2 earnings of $2.83 per share, beating the $2.75 estimate, and sales of $3.26B, beating the $3.21B estimate. This represents a 17.92% increase in earnings and a 9.79% increase in sales compared to the same period last year.
May 24, 2023 | 11:01 am
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Analog Devices' Q2 earnings and sales beat estimates, with a 17.92% increase in earnings and a 9.79% increase in sales YoY.
Analog Devices reported better-than-expected Q2 earnings and sales, which is likely to have a positive impact on its stock price in the short term. The 17.92% increase in earnings and 9.79% increase in sales YoY indicate strong financial performance, making the stock more attractive to investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100