Investing.com - Analog Devices (NASDAQ:ADI) reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.72 on revenue of $1.76B. Analysts polled by Investing.com anticipated EPS of $1.61 on revenue of $1.71B.
Analog Devices shares are up 12% from the beginning of the year, still down 5.11% from its 52 week high of $175.25 set on August 4. They are under-performing the Nasdaq 100 which is up 16.41% from the start of the year.
Analog Devices follows other major Technology sector earnings this month
Analog Devices's report follows an earnings beat by Apple on July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar