Investing.com - Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.72 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $1.61 on revenue of $1.71B.
Analog Devices shares are up 12% from the beginning of the year and are trading at $166.30 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 16.41% year to date.
Analog Devices follows other major Technology sector earnings this month
Analog Devices's report follows an earnings beat by Apple on Tuesday, July 27, 2021, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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