Analog Devices shares are trading lower after third-quarter consensus miss, weak fourth-quarter guidance.
Portfolio Pulse from Benzinga Newsdesk
Analog Devices' shares are trading lower following a miss on third-quarter consensus and weak fourth-quarter guidance.
August 23, 2023 | 11:44 am
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Analog Devices' stock is trading lower due to a miss on Q3 consensus and weak Q4 guidance.
Analog Devices' shares are trading lower due to a miss on their third-quarter consensus and weak fourth-quarter guidance. This indicates that the company's performance did not meet market expectations, which negatively impacts investor sentiment and drives the stock price down in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100