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Investing.com - Analog Devices reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.36 on revenue of $1.46B. Analysts polled by Investing.com EPS of $1.28 on revenue of $1.43B.
Analog Devices 's are down 0% and is trading at $118.50 , still down 7.47% from its 52 week high of $127.39 set on Friday, June 5, 2020.
Analog Devices shares gained 0.53% to trade at $118.50 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 Thursday, July 30, 2020, who reported EPS of $2.58 on revenue of $59.69B, EPS of $2.05 on revenue of $52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of $1.46 on revenue of $38.03B, for EPS of $1.34 on revenue of $36.54B.
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