Analog Devices Aktie
WKN: 862485 / ISIN: US0326541051
21.08.2024 20:23:37
|
Why Analog Devices Stock Briefly Jumped 6% Today
Shares of Analog Devices (NASDAQ: ADI) jumped as much as 6% higher on Wednesday morning. The maker of high-performance analog and mixed-signal chips peaked at 10:20 a.m. ET and backed down to a 2.2% gain in the afternoon. The stock jumped as Analog Devices reported analyst-stumping third-quarter results and in-line guidance for the next quarter. It backed down when management provided cautious market analysis on the earnings call.Wall Street's consensus estimates for the third quarter pointed to adjusted earnings near $1.58 per share on revenues near $2.27 billion. Analog Devices' sales fell 25% year over year, but still beat the average analyst view at $2.31 billion. Earnings dropped 37% lower, exceeding the Street projections at $1.58 per share.Looking ahead to the fourth quarter, management set the midpoint of their revenue guidance at $2.4 billion, with a bottom-line midpoint at $1.63 per share. Both targets are within a rounding error of the current analyst projections.Continue readingWeiter zum vollständigen Artikel bei MotleyFool

Wenn Sie mehr über das Thema Aktien erfahren wollen, finden Sie in unserem Ratgeber viele interessante Artikel dazu!
Jetzt informieren!
Nachrichten zu Analog Devices Inc.mehr Nachrichten
Analysen zu Analog Devices Inc.mehr Analysen
Aktien in diesem Artikel
Analog Devices Inc. | 163,90 | -0,35% |
|