Investing.com - Analog Devices (NASDAQ:ADI) reported first quarter earnings that beat analysts' expectations on Wednesday and revenue that topped forecasts.
The firm reported earnings per share of $1.33 on revenue of $1.54B. Analysts polled by Investing.com forecast EPS of $1.28 on revenue of $1.51B. That compared to EPS of $1.42 on revenue of $1.52B in the same period a year earlier. The company had reported EPS of $1.55 on revenue of $1.6B in the previous quarter.
Analog Devices shares gained 3.52% to trade at $107.89 in pre-market trade following the report.
Analog Devices follows other major Technology sector earnings this month
On January 30, Microsoft reported second quarter EPS of $1.1 on revenue of $32.47B, compared to forecasts of EPS of $1.09 on revenue of $32.47B.
Apple earnings beat analyst's expectations on January 29, with first quarter EPS of $4.18 on revenue of $84.31B. Investing.com analysts expected EPS of $4.17 on revenue of $83.97B
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar