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ADI Analog Devices Inc

237.72
0.00 (0.00%)
Pre Market
Last Updated: 12:40:08
Delayed by 15 minutes
Share Name Share Symbol Market Type
Analog Devices Inc NASDAQ:ADI NASDAQ Common Stock
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 237.72 236.18 238.79 145 12:40:08

Analog Devices 2Q Profit Beats Estimates

20/05/2020 1:30pm

Dow Jones News


Analog Devices (NASDAQ:ADI)
Historical Stock Chart


From Jul 2019 to Jul 2024

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By Allison Prang

 

Analog Devices Inc.'s profit fell in the second quarter, but was better than analysts expected.

Profit at the company fell 27%, to $267.7 million. Earnings were 72 cents a share, down from 98 cents a share.

Adjusted earnings were $1.08 a share, up from $1.36 a share. Analysts' consensus for results was $1.03 a share, FactSet said.

Revenue fell 14%, to $1.32 billion, and slipped in all categories, but fell the most in the company's communications and automotive segments where it fell more than 20%. Revenue slightly missed analysts' consensus,

Analog said in late March that it was speeding up production of healthcare technologies to fight the Covid-19 pandemic.

 

Write to Allison Prang at allison.prang@wsj.com

 

(END) Dow Jones Newswires

May 20, 2020 08:15 ET (12:15 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.

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