Analog Devices Earnings: Here’s Why the Stock is Falling Now

  • Like on Facebook
  • Share on Google+
  • Share on LinkedIn

Analog Devices Inc. (NYSE:ADI) delivered a profit and met Wall Street’s expectations, AND came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company. Shares are down 2.19%.

Markets are at 5-year highs! Discover the best stocks to own. Click here for our fresh Feature Stock Pick now!

Analog Devices Inc. Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 1.89% to $0.52 in the quarter versus EPS of $0.53 in the year-earlier quarter.

Revenue: Decreased 2.38% to $659 million from the year-earlier quarter.

Actual vs. Wall St. Expectations: Analog Devices Inc. reported adjusted EPS income of $0.52 per share. By that measure, the company missed the mean analyst estimate of $0.52. It missed the average revenue estimate of $660.84 million.

Quoting Management: “We had a solid second quarter led by strong sequential revenue growth from industrial and automotive applications,” said Vincent Roche, President and CEO. “Excluding special items, operating margins expanded 300 basis points compared to the prior quarter and diluted earnings per share grew three times faster than revenue over the same period, demonstrating the strength of our operating model.”

Key Stats (on next page)…

More Articles About:

To contact the reporter on this story: staff.writers@wallstcheatsheet.com To contact the editor responsible for this story: editors@wallstcheatsheet.com

Yahoo Finance, Harvard Business Review, Market Watch, The Wall St. Journal, Financial Times, CNN Money, Fox Business