Investing.com - Analog Devices (NASDAQ:ADI) reported fourth quarter earnings that beat analysts' expectations on Tuesday and revenue that topped forecasts.
The firm reported earnings per share of $1.55 on revenue of $1.6B. Analysts polled by Investing.com expected EPS of $1.53 on revenue of $1.57B. That compared to EPS of $1.45 on revenue of $1.54B in the same period a year earlier. The company had reported EPS of $1.53 on revenue of $1.57B in the previous quarter.
For the year, Analog Devices shares are down 0.42%, broadly in line with the Nasdaq which is down 0.47% year to date.
Analog Devices follows other major Technology sector earnings this month
On November 1, Apple reported fourth quarter EPS of $2.91 on revenue of $62.9B, compared to forecasts of EPS of $2.78 on revenue of $61.46B.
Microsoft earnings beat analyst's expectations on October 24, with first quarter EPS of $1.14 on revenue of $29.08B. Investing.com analysts expected EPS of $0.96 on revenue of $27.88B
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