Analog Devices (ADI) Q3 Earnings: Taking a Look at Key Metrics Versus Estimates
ADIAnalog Devices(ADI) ZACKS·2024-08-21 22:31

Analog Devices (ADI) reported 2.31billioninrevenueforthequarterendedJuly2024,representingayearoveryeardeclineof24.82.31 billion in revenue for the quarter ended July 2024, representing a year-over-year decline of 24.8%. EPS of 1.58 for the same period compares to 2.49ayearago.Thereportedrevenuerepresentsasurpriseof+1.692.49 a year ago.The reported revenue represents a surprise of +1.69% over the Zacks Consensus Estimate of 2.27 billion. With the consensus EPS estimate being $1.50, the EPS surprise was +5.33%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine t ...