Investing.com - Analog Devices (NASDAQ:ADI) reported second quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.36 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $1.31 on revenue of $1.51B. That compared to EPS of $1.45 on revenue of $1.51B in the same period a year earlier. The company had reported EPS of $1.33 on revenue of $1.54B in the previous quarter.
Analog Devices follows other major Technology sector earnings this month
On May 8, EchoStar reported first quarter EPS of $0.08 on revenue of $531.08M, compared to forecasts of EPS of $0.1 on revenue of $528.1M.
Microsoft earnings beat analysts' expectations on April 24, with third quarter EPS of $1.14 on revenue of $30.57B. Investing.com analysts expected EPS of $1 on revenue of $29.88B
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