— Analog Devices Inc. (NASDAQ: ADI) reported adjusted earnings of $1.03 per share for the first quarter of 2020, compared to $1.33 per share last year, vs. $1.00 per share expected.
— Net income was $203.87 million or $0.55 per share, compared to $355 million or $0.95 per share in the first quarter of 2019
— Revenues decreased to $1.30 billion in the January-quarter from $1.54 billion in the prior-year period, vs. $1.3 billion expected
— Returned around $300 million to shareholders during the quarter, through dividends and share repurchases
— Increased quarterly dividend by 15%, which is at the high-end of the company’s target range of 7-15%
— Expects revenues to be around $1.35 billion in the second quarter of fiscal 2020, which is slightly lower than the prior estimate
— Second-quarter operating margins, on an unadjusted basis, are expected to be 26.0% +/-150 bps
— Looking for unadjusted earnings per share of $0.73 +/-$0.08, and adjusted earnings per share of $1.10 +/-$0.08, for the second quarter
Most Popular
V Earnings: Key quarterly highlights from Visa’s Q1 2023 financial results
Visa Inc. (NYSE: V) reported first quarter 2023 earnings results today. Net revenues grew 12% year-over-year to $7.9 billion. GAAP net income rose 6% to $4.2 billion while EPS grew
Earnings: Highlights of Intel’s (INTC) Q4 2022 financial results
Intel Corporation (NASDAQ: INTC) Thursday reported a decline in adjusted earnings and revenues for the fourth quarter. The semiconductor giant also provided guidance for the first quarter of 2023. Fourth-quarter
McCormick (MKC) expects to drive sales growth in 2023 through pricing actions and cost savings
Shares of McCormick & Company Inc. (NYSE: MKC) were down over 5% on Thursday after the company missed expectations on its fourth quarter 2022 results and provided a lower-than-expected earnings
