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
Earnings Preview: Johnson & Johnson bets on innovation to stay in growth mode
Over the years, Johnson & Johnson (NYSE: JNJ) has remained a dominant player in the medical industry, benefitting from its unique business model and growth strategy focused on constant innovation.
Key takeaways from PepsiCo’s Q3 2024 earnings report
Shares of PepsiCo, Inc. (NASDAQ: PEP) gained over 1% on Tuesday even though the company delivered mixed results for the third quarter of 2024 and lowered its guidance for the
PEP Earnings: All you need to know about PepsiCo’s Q3 2024 earnings results
PepsiCo, Inc. (NASDAQ: PEP) reported its third quarter 2024 earnings results today. Net revenue dipped 0.6% to $23.3 billion compared to the same period a year ago. Organic revenue growth
