22.05.2024 13:14:27 - dpa-AFX: Analog Devices Q2 Profit Decreases, But Beats Estimates

WASHINGTON (dpa-AFX) - Analog Devices (ADI) reported a profit for second
quarter that decreased from last year but beat the Street estimates.

The company's earnings came in at $302.24 million, or $0.61 per share. This
compares with $977.65 million, or $1.92 per share, in last year's second
quarter.

Excluding items, Analog Devices reported adjusted earnings of $778.27 million or
$1.40 per share for the period.

Analysts on average had expected the company to earn $1.26 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter fell 33.7% to $2.16 billion from $3.26
billion last year.

Analog Devices earnings at a glance (GAAP) :

-Earnings (Q2): $302.24 Mln. vs. $977.65 Mln. last year.
-EPS (Q2): $0.61 vs. $1.92 last year.
-Revenue (Q2): $2.16 Bln vs. $3.26 Bln last year.

-Guidance:
Next quarter EPS guidance: $1.40-$1.60
Next quarter revenue guidance: $2.17bln - $2.37bln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
ANALOG DEVICES INC.DL-166 862485 Frankfurt 217,650 14.06.24 08:06:05 +1,450 +0,67% 0,000 0,000 217,650 217,650

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