Investing.com - Analog Devices reported fourth quarter earnings that missed analysts' expectations on Tuesday and revenue that fell short of forecasts.
The firm reported earnings per share of $1.19 on revenue of $1.44B. Analysts polled by Investing.com anticipated EPS of $1.22 on revenue of $1.45B. That compared to EPS of $1.55 on revenue of $1.6B in the same period a year earlier. The company had reported EPS of $1.26 on revenue of $1.48B in the previous quarter.
Analog Devices shares lost 4.28% to trade at $108.10 in pre-market trade following the report.
Analog Devices follows other major Technology sector earnings this month
On October 30, Apple reported fourth quarter EPS of $3.03 on revenue of $64.04B, compared to forecasts of EPS of $2.83 on revenue of $63.01B.
Alphabet C earnings missed analysts' expectations on October 28, with third quarter EPS of $10.12 on revenue of $40.5B. Investing.com analysts expected EPS of $12.32 on revenue of $40.31B
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