Analog Devices Q3 Adj EPS $2.49 Misses $2.52 Estimate, Sales $3.08B Miss $3.10B Estimate
Portfolio Pulse from Benzinga Newsdesk
Analog Devices (NASDAQ:ADI) reported Q3 earnings of $2.49 per share, missing the analyst consensus estimate of $2.52 by 1.19%. The company also reported quarterly sales of $3.08 billion, missing the analyst consensus estimate of $3.10 billion by 0.77%. Both earnings and sales show a decrease compared to the same period last year.
August 23, 2023 | 11:01 am
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NEGATIVE IMPACT
Analog Devices missed Q3 earnings and sales estimates, which could negatively impact its stock price in the short term.
Analog Devices reported lower than expected earnings and sales for Q3. This miss could lead to a decrease in investor confidence and a potential drop in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100