Analog Devices Drops 2.49% as Major Indexes Also Decline
Analog Devices fell more than the S&P 500 and Nasdaq, while Zacks consensus estimates point to higher earnings and revenue ahead.
Key takeaways
- Analog Devices closed at $410.08, down 2.49%.
- Zacks consensus estimates call for quarterly EPS of $3.84 and revenue of $4.31 billion.
Analog Devices fell 2.49% to $410.08 in the latest close, outpacing declines in the S&P 500 and Nasdaq, both down 0.22%. The Dow fell 0.66%.
Despite the drop, the semiconductor maker gained 15.79% over the past month, according to the article, beating the Computer and Technology sector and the S&P 500.
Ahead of its forthcoming earnings report, Zacks consensus estimates project earnings of $3.84 per share and revenue of $4.31 billion. Those estimates represent increases of 69.91% and 39.96%, respectively, from the same quarter a year earlier.
This article was produced with the help of AI technology. Source: Yahoo Finance
