Investing.com - Analog Devices (NASDAQ:ADI) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.44 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $1.45B.
Analog Devices shares are up 15% from the beginning of the year and are trading at $139.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 10.73% from the start of the year.
Analog Devices shares gained 1.41% 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 October 29, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.7099 on revenue of $63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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