Categories AlphaGraphs, Earnings, Technology
Analog Devices (ADI) Q1 2024 earnings fall on lower revenues
Semiconductor company Analog Devices, Inc. (NASDAQ: ADI) reported a sharp decline in revenues and adjusted profit for the first quarter of 2024.
Q1 earnings, excluding special items, declined 37% year-over-year to $1.73 per share from $2.75 per share last year. On a reported basis, net income plunged to $462.7 million or $0.93 per share in the January quarter from $961.5 million or $1.88 per share in Q1 2023.
The bottom line performance was negatively impacted by a 23% fall in revenues to $2.51 billion in the first quarter from $3.25 billion in the prior year period.
“ADI delivered first-quarter revenue and profitability above the midpoint of our outlook, despite the continued difficult macroeconomic environment,” said the company’s CEO Vincent Roche.
Prior Performance
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Key metrics from Shopify’s (SHOP) Q1 2024 earnings results
Shopify Inc. (NYSE: SHOP) reported first quarter 2024 earnings results today. Revenue increased 23% to $1.9 billion compared to the prior-year period. Gross Merchandise Volume (GMV) increased 23% year-over-year to
EA Earnings: Electronic Arts reports lower revenues for Q4 2024
Video game publisher Electronic Arts (NASDAQ: EA) Tuesday reported a decline in revenues for the fourth quarter of 2024. Meanwhile, the top line came in slightly above analysts' estimates. Fourth-quarter
What to look for when Home Depot (HD) reports Q1 2024 earnings
Shares of The Home Depot (NYSE: HD) stayed red on Tuesday. The stock has gained 17% over the past 12 months. The home improvement retailer is scheduled to report its
