Analog Devices Q4 Adj EPS $2.01 Beats $2.00 Estimate, Sales $2.72B Beat $2.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
Analog Devices (NASDAQ:ADI) reported Q4 adjusted EPS of $2.01, surpassing the consensus estimate of $2.00, and sales of $2.72B, slightly above the $2.70B estimate. However, these figures represent a decrease from the same period last year, with earnings down 26.37% and sales down 16.38%.
November 21, 2023 | 12:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Analog Devices reported higher-than-expected Q4 earnings and sales, but with significant decreases from the previous year's figures.
While ADI beat estimates for both earnings and sales, the substantial year-over-year decline in these metrics may concern investors. The mixed results could lead to a neutral short-term impact as the market digests both the positive beat and the negative trend.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100