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 $1.44 on revenue of $1.53B. Analysts polled by Investing.com anticipated EPS of $1.33 on revenue of $1.45B.
Analog Devices shares are up 15% from the beginning of the year, still down 2.27% from its 52 week high of $140.25 set on November 9. They are under-performing the Nasdaq 100 which is up 36.33% from the start of the year.
Analog Devices shares gained 1.41% in pre-market trade following the report.
Analog Devices follows other major Technology sector earnings this month
Analog Devices's report follows an earnings beat by Apple on October 29, who reported EPS of $0.73 on revenue of $64.7B, compared to forecasts EPS of $0.7099 on revenue of $63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of $1.82 on revenue of $37.15B, compared to forecast for EPS of $1.54 on revenue of $35.76B.
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