Analog Devices (ADI) Q1 Earnings & Revenues Beat, Fall Y/Y
Analog Devices(ADI) Zacks Investment Research·2024-02-21 18:30Analog Devices Inc. (ADI) has reported first-quarter fiscal 2024 adjusted earnings of $1.73 per share, which surpassed the Zacks Consensus Estimate by 1.2%. The bottom line declined 37% from the year-ago quarter.Revenues of $2.51 billion beat the Zacks Consensus Estimate of $2.50 billion. The top line fell 23% from the year-ago quarter.Softness in the communications, consumer and industrial markets was a major negative.Nevertheless, the company witnessed strong momentum across the automotive markets in the ...