Analog Devices Expects Q3 Revenue Of $3.10B, +/- $100M Vs Consensus $3.16B, Adj EPS Of $2.52, +/-$0.10 Vs Consensus $2.65
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Analog Devices (ADI) expects Q3 revenue of $3.10B, +/- $100M, lower than the consensus estimate of $3.16B, and adjusted EPS of $2.52, +/- $0.10, below the consensus of $2.65.
May 24, 2023 | 11:03 am
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Analog Devices' Q3 revenue and adjusted EPS forecasts are lower than consensus estimates.
Analog Devices' lower-than-expected Q3 revenue and adjusted EPS forecasts may negatively impact its stock price in the short term, as investors may perceive this as a sign of underperformance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100