Investing.com - Analog Devices (NASDAQ:ADI) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Analog Devices announced earnings per share of $1.73 on revenue of $2.34B. Analysts polled by Investing.com anticipated EPS of $1.7 on revenue of $2.23B.
Analog Devices shares are up 25% from the beginning of the year, still down 3.36% from its 52 week high of $191.95 set on November 22. They are broadly in line with the S&P 500 which is up 24.68% from the start of the year.
Analog Devices follows other major Information Technology sector earnings this month
Analog Devices's report follows an earnings matched by Apple on October 28, who reported EPS of $1.24 on revenue of $83.36B, compared to forecasts EPS of $1.24 on revenue of $85.05B.
Microsoft had beat expectations on October 26 with first quarter EPS of $2.27 on revenue of $45.32B, compared to forecast for EPS of $2.08 on revenue of $44B.
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