Analog Devices Inc. (NASDAQ: ADI) missed revenue and earnings estimates for the fourth quarter of 2019, causing shares to fall over 2% in premarket hours on Tuesday.
The company reported a 6% year-over-year decline in total revenues to $1.44 billion, which also fell below the consensus target of $1.45 billion.
Net income was $277 million, or $0.74 per share, compared to $404 million, or $1.08 per share, in the same period last year. Adjusted EPS declined 20% year-over-year to $1.19, missing forecasts of $1.22.
Vincent Roche, President and CEO, stated, “ADI delivered solid fourth quarter and full-year results amidst continued trade and macro uncertainty. Over the course of the year, we generated revenue of $6 billion and effectively managed costs, while continuing to prioritize strategic investments to drive innovation.”
During the quarter, revenues in the Industrial segment remained flat at $744 million compared to the same period last year. Revenues declined across all the remaining three segments.
For the first quarter of fiscal 2020, the company expects revenue of $1.30 billion, plus or minus $50 million. Reported EPS is expected to be $0.61, plus or minus $0.07, and adjusted EPS to be $1.00, plus or minus $0.07.
The Board of Directors declared a cash dividend of $0.54 per common share, payable on December 17, 2019 to all shareholders of record as of December 6, 2019.
Aurora Cannabis Inc. (NYSE: ACB) reported third quarter 2021 earnings results today. Total revenues fell 25% year-over-year to CAD55.1 million. Adjusted EBITDA loss amounted to CAD24 million. Cash balance as
Media behemoth The Walt Disney Company (NYSE: DIS) reported second-quarter revenues that declined from last year as customers stayed away from theatres and parks due to pandemic-related safety issues and
Shares of Tattooed Chef Inc. (NASDAQ: TTCF) have gained 57% over the past 12 months but has dropped 25% since the start of this year. The sentiment on the stock