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.
Earnings
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 |
---|---|---|---|---|
EPS Estimate | 2.11 | 1.77 | 1.70 | 1.62 |
EPS Actual | 2.40 | 1.94 | 1.73 | 1.72 |
Revenue Estimate | 2.84B | 2.60B | 2.31B | 1.71B |
Revenue Actual | 2.97B | 2.68B | 2.34B | 1.76B |
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).
Guidance
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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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