Analog Devices Earnings, Revenue beat in Q2 By Investing.com

Analog Devices (NASDAQ:ADI) reported on Wednesday second quarter earnings that beat analysts’ forecasts and revenue that topped expectations.

Analog Devices announced earnings per share of $1.54 on revenue of $1.66B. Analysts polled by Investing.com anticipated EPS of $1.45 on revenue of $1.61B.

Analog Devices shares are down 1% from the beginning of the year and are trading at $145.89 , down-from-52-week-high.They are under-performing the Nasdaq which is up 3.22% from the start of the year.

Analog Devices follows other major Technology sector earnings this month

Analog Devices’s report follows an earnings beat by Apple on April 28, who reported EPS of $1.4 on revenue of $89.58B, compared to forecasts EPS of $0.9864 on revenue of $77.09B.

Microsoft had beat expectations on April 27 with third quarter EPS of $1.95 on revenue of $41.71B, compared to forecast for EPS of $1.78 on revenue of $41.04B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar