Analog Devices Sees Q2 Adj. EPS $1.16-$1.36 vs $1.57 Est., Revenue $2B-$2.2B vs $2.36B Est.
Portfolio Pulse from Benzinga Newsdesk
Analog Devices forecasts its Q2 adjusted EPS to be between $1.16 and $1.36, which is below the estimated $1.57. Additionally, the company expects revenue to be in the range of $2 billion to $2.2 billion, also falling short of the estimated $2.36 billion.
February 21, 2024 | 12:02 pm
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Analog Devices anticipates its Q2 adjusted EPS to be lower than expected at $1.16-$1.36, versus the $1.57 estimate. Revenue is also projected to be below expectations, in the range of $2 billion to $2.2 billion, compared to the estimated $2.36 billion.
The projected shortfall in both earnings per share (EPS) and revenue for Q2 as announced by Analog Devices is likely to negatively impact investor sentiment and the stock price in the short term. The discrepancy between the company's forecasts and the analysts' estimates indicates potential challenges the company is facing, which could lead to a decrease in stock price as investors adjust their expectations.
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