Why Is Analog Devices (ADI) Down 2.2% Since Last Earnings Report?
ADIAnalog Devices(ADI) ZACKS·2024-06-22 00:31

It has been about a month since the last earnings report for Analog Devices (ADI) . Shares have lost about 2.2% in that time frame, underperforming the S&P 500.Will the recent negative trend continue leading up to its next earnings release, or is Analog Devices due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Analog Devices Q2 Earnings Beat Estimates ...