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Investing.com - Analog Devices reported on Wednesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.44 on revenue of $1.56B. Analysts polled by Investing.com EPS of $1.32 on revenue of $1.51B.
Analog Devices 's are up 8% and is trading at $160.56 , still down 2.11% from its 52 week high of $163.95 set on Tuesday, February 16, 2021.
Analog Devices shares gained 0.04% to trade at $160.56 in pre-market trade the report.
Analog Devices follows other major Technology sector earnings this month
Analog Devices's report follows an earnings beat by Apple on Wednesday, January 27, 2021, who reported EPS of $1.68 on revenue of $111.44B, EPS of $1.42 on revenue of $103.27B.
Microsoft had beat expectations on Tuesday, January 26, 2021 with second quarter EPS of $2.03 on revenue of $43.08B, for EPS of $1.64 on revenue of $40.22B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar