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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 $2.52 on revenue of $3.11B. Analysts polled by Investing.com EPS of $2.43 on revenue of $3.05B.
Analog Devices 's are up 1% and is trading at $176.25 , still down 6.73% from its 52 week high of $191.95 set on Monday, November 22, 2021.
Analog Devices shares lost 1.56% to trade at $176.25 in pre-market trade the report.
Analog Devices follows other major Information Technology sector earnings this month
Analog Devices's report follows an earnings beat by Apple on Thursday, July 28, 2022, who reported EPS of $1.2 on revenue of $82.96B, EPS of $1.16 on revenue of $82.79B.
Microsoft had missed expectations on Tuesday, July 26, 2022 with fourth quarter EPS of $2.23 on revenue of $51.87B, for EPS of $2.29 on revenue of $52.38B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar