Analog Devices Q3 2024 Adj. EPS $1.58 Beats $1.50 Estimate, Sales $2.312B Beat $2.273B Estimate
Portfolio Pulse from Benzinga Newsdesk
Analog Devices reported Q3 2024 adjusted EPS of $1.58, surpassing the estimate of $1.50. Sales also exceeded expectations, reaching $2.312 billion compared to the estimated $2.273 billion.
August 21, 2024 | 11:01 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Analog Devices' Q3 2024 earnings report shows an adjusted EPS of $1.58, beating the $1.50 estimate. Sales also exceeded expectations at $2.312 billion versus $2.273 billion.
The better-than-expected earnings and sales figures are likely to positively impact Analog Devices' stock price in the short term. Beating both EPS and sales estimates typically boosts investor confidence and can lead to a stock price increase.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100