Analog Devices ADI reported its Q3 earnings results on Wednesday, August 17, 2022 at 07:00 AM.
Here's what investors need to know about the announcement.
Analog Devices beat estimated earnings by 3.7%, reporting an EPS of $2.52 versus an estimate of $2.43.
Revenue was up $1.35 billion from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.29 which was followed by a 0.64% increase in the share price the next day.
Here's a look at Analog Devices's past performance:
|Quarter||Q2 2022||Q1 2022||Q4 2021||Q3 2021|
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Analog Devices management provided guidance for Q4 2022, expecting earnings between $2.47 and $2.67 per share.
To track all earnings releases for Analog Devices visit their earnings calendar here.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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