Analog Devices Sees Q4 Adj. EPS $1.53-$1.73 vs $1.62 Est., Revenue $2.3B-$2.5B vs $2.38B Est.
Portfolio Pulse from Benzinga Newsdesk
Analog Devices has provided its Q4 fiscal 2024 guidance, forecasting adjusted EPS between $1.53 and $1.73, compared to the estimated $1.62. Revenue is expected to be between $2.3 billion and $2.5 billion, against an estimate of $2.38 billion. The company anticipates a reported operating margin of approximately 22.3% and an adjusted operating margin of about 41.0%.
August 21, 2024 | 11:05 am
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Analog Devices' Q4 guidance shows adjusted EPS between $1.53 and $1.73, slightly above the consensus estimate of $1.62. Revenue guidance of $2.3B-$2.5B is in line with the $2.38B estimate. Operating margins are expected to be strong.
The guidance provided by Analog Devices is slightly above the consensus estimates for adjusted EPS, which is a positive indicator for investors. The revenue forecast is in line with expectations, and the strong operating margins further support a positive outlook. This suggests a likely short-term positive impact on the stock price.
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