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
CCL Earnings: Carnival Corp. Q4 2024 revenue rises 10%
Carnival Corporation & plc. (NYSE: CCL) Friday reported strong revenue growth for the fourth quarter of 2024. The cruise line operator reported a profit for Q4, compared to a loss
Key metrics from Nike’s (NKE) Q2 2025 earnings results
NIKE, Inc. (NYSE: NKE) reported total revenues of $12.4 billion for the second quarter of 2025, down 8% on a reported basis and down 9% on a currency-neutral basis. Net
FDX Earnings: FedEx Q2 2025 adjusted profit increases; revenue dips
Cargo giant FedEx Corporation (NYSE: FDX), which completed an organizational restructuring recently, announced financial results for the second quarter of 2025. Second-quarter earnings, excluding one-off items, were $4.05 per share,