Investing.com - Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.36 on revenue of $1.46B. Analysts polled by Investing.com anticipated EPS of $1.28 on revenue of $1.43B.
Analog Devices shares are down 0% from the beginning of the year and are trading at $118.50 , down-from-52-week-high.They are under-performing the Nasdaq which is up 24.95% from the start of the year.
Analog Devices shares gained 0.53% in pre-market trade the report.
Analog Devices follows other major Technology sector earnings this month
Analog Devices's report follows an earnings beat by Apple on July 30, who reported EPS of $2.58 on revenue of $59.69B, compared to forecasts EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on July 22 with fourth quarter EPS of $1.46 on revenue of $38.03B, compared to forecast for EPS of $1.34 on revenue of $36.54B.
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