Analog Devices (ADI) Q3 Earnings & Revenues Beat, Decline Y/Y

Analog Devices Inc. (ADI) has reported third-quarter fiscal 2024 adjusted earnings of $1.58 per share, which surpassed the Zacks Consensus Estimate by 5.3%. The bottom line declined 37% from the year-ago quarter.Revenues of $2.31 billion beat the Zacks Consensus Estimate of $2.27 billion. However, the top line fell 25% from the year-ago quarter.Softness in the industrial, communications and automotive end-markets led to the year-over-year decline in the top line.Revenues by End MarketsIndustrial: The market ...