Analog Devices Sees Q3 Adj. EPS $1.40-$1.60 vs $1.35 Est., Revenue $2.17B-$2.37B vs $2.16B Est.
Portfolio Pulse from Benzinga Newsdesk
Analog Devices (ADI) has provided its Q3 guidance, projecting adjusted EPS between $1.40 and $1.60, surpassing the estimated $1.35. The company also forecasts revenue between $2.17 billion and $2.37 billion, exceeding the estimated $2.16 billion.
May 22, 2024 | 11:02 am
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POSITIVE IMPACT
Analog Devices has provided a strong Q3 guidance, with adjusted EPS and revenue projections both exceeding market estimates. This positive outlook is likely to boost investor confidence and drive the stock price up in the short term.
The company's guidance for both adjusted EPS and revenue surpasses market expectations, indicating strong performance and potential growth. This is likely to positively impact the stock price as investors react to the optimistic outlook.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100