Categories AlphaGraphs, Earnings, Technology
Analog Devices (ADI) reports flat earnings for Q3; provides Q4 outlook
Analog Devices’ (NASDAQ: ADI) GAAP earnings in the third quarter of 2020 remained the same as in the prior-year quarter. On an adjusted basis, earnings rose 8% to $1.36 per share. Revenue slid 2% to $1.46 billion in Q3. The company also provided an outlook for its fourth quarter of 2020.
ADI stock was trading almost flat in the pre-market trading hours.
For the fourth quarter of fiscal 2020, Analog Devices expects revenue of $1.44 billion, +/- $70 million. The company estimates reported EPS to be $0.95, +/-$0.10, and adjusted EPS to be $1.32, +/-$0.10 for its final quarter of 2020.
Last month, Analog Devices entered into a merger agreement with Maxim Integrated Products (NASDAQ: MXIM), under which ADI will acquire Maxim in an all-stock transaction that values the combined enterprise at over $68 billion. This deal is expected to be completed in the summer of 2021.
Most Popular
INTU Earnings: Intuit Q1 2025 adj. profit rises on higher revenues
Financial technology company Intuit Inc. (NASDAQ: INTU) Thursday announced results for the first quarter of 2025, reporting a modest increase in adjusted earnings. The Mountain View-headquartered company’s first-quarter revenue came
Riding the AI wave, Nvidia looks set to stay on the high-growth path
After delivering strong results for the third quarter, Nvidia Corporation (NASDAQ: NVDA) this week said the launch of its new-generation Blackwell chip is on track. The company is thriving on
Target (TGT): A look at some of the challenges faced by the retailer in 3Q24
Shares of Target Corporation (NYSE: TGT) stayed green on Thursday, recovering from the stumble it took a day ago after delivering disappointing results for the third quarter of 2024 and
