Analog Devices (ADI) Q2 Earnings & Revenues Beat, Fall Y/Y
ADIAnalog Devices(ADI) zacks.com·2024-05-23 00:21

Analog Devices Inc. (ADI) has reported second-quarter fiscal 2024 adjusted earnings of 1.40pershare,whichsurpassedtheZacksConsensusEstimateby11.11.40 per share, which surpassed the Zacks Consensus Estimate by 11.1%. The bottom line declined 51% from the year-ago quarter. Revenues of 2.16 billion beat the Zacks Consensus Estimate of $2.10 billion. The top line fell 34% from the year-ago quarter. Softness in the communications, consumer, automotive and industrial end-markets was a major negative. Revenues by End Markets Industrial: The market generated revenues of ...