Analog Devices Expects Q4 Revenue of $2.70B, +/- $100M Vs $3B Est, Adj EPS $2.00, +/-$0.10 Vs $2.39 Est
Portfolio Pulse from Benzinga Newsdesk
Analog Devices (ADI) has forecasted its Q4 revenue for fiscal 2023 to be $2.70 billion, which is lower than the estimated $3 billion. The company also expects its adjusted EPS to be $2.00, lower than the estimated $2.39.
August 23, 2023 | 11:06 am
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NEGATIVE IMPACT
Analog Devices' lower than expected Q4 revenue and adjusted EPS forecasts may negatively impact its stock price in the short term.
Analog Devices' Q4 revenue and adjusted EPS forecasts are lower than the estimates. This could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100