Analog Devices (ADI) Q2 Earnings & Revenues Beat, Fall Y/Y
Analog Devices(ADI) zacks.com·2024-05-23 00:21
Analog Devices Inc. (ADI) has reported second-quarter fiscal 2024 adjusted earnings of $1.40 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 MarketsIndustrial: The market generated revenues of $1. ...