U.S. Markets close in 1 hr 55 mins
  • S&P 500

    3,642.88
    +13.23 (+0.36%)
     
  • Dow 30

    29,930.52
    +58.05 (+0.19%)
     
  • Nasdaq

    12,229.22
    +134.82 (+1.11%)
     
  • Russell 2000

    1,846.49
    +1.47 (+0.08%)
     
  • Crude Oil

    45.32
    -0.39 (-0.85%)
     
  • Gold

    1,785.60
    -25.60 (-1.41%)
     
  • Silver

    22.73
    -0.72 (-3.05%)
     
  • EUR/USD

    1.1955
    +0.0041 (+0.3467%)
     
  • 10-Yr Bond

    0.8550
    -0.0230 (-2.62%)
     
  • Vix

    20.83
    -0.42 (-1.98%)
     
  • GBP/USD

    1.3350
    -0.0007 (-0.0494%)
     
  • USD/JPY

    103.9930
    -0.2570 (-0.2465%)
     
  • BTC-USD

    16,564.63
    -369.75 (-2.18%)
     
  • CMC Crypto 200

    323.79
    -13.71 (-4.06%)
     
  • FTSE 100

    6,364.13
    +1.20 (+0.02%)
     
  • Nikkei 225

    26,644.71
    +107.40 (+0.40%)
     

Recap: Analog Devices Q3 Earnings

Benzinga Insights
·1 min read

Shares of Analog Devices (NASDAQ:ADI) fell 0.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 7.94% year over year to $1.36, which beat the estimate of $1.28.

Revenue of $1,456,000,000 declined by 1.62% from the same period last year, which beat the estimate of $1,430,000,000.

Guidance

Analog Devices said it expects Q4 adjusted EPS of $1.22-$1.42 and sales of $1.37 billion to 1.51 billion.

Details Of The Call

Date: Aug 19, 2020

Time: 10:00 AM

View more earnings on ADI

ET Webcast URL: https://edge.media-server.com/mmc/p/ifqpvk57

Price Action

Company's 52-week high was at $127.39

Company's 52-week low was at $79.08

Price action over last quarter: Up 6.75%

Company Profile

Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.