Benzinga | Aug 19, 2020 08:12AM EDT

Recap: Analog Devices Q3 Earnings

Shares of Analog Devices (NASDAQ:ADI) fell 0.5% in pre-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share rose 7.94% year over year to $1.36, which beat the estimate of $1.28.

Revenue of $1,456,000,000 declined by 1.62% from the same period last year, which beat the estimate of $1,430,000,000.

Guidance

Analog Devices said it expects Q4 adjusted EPS of $1.22-$1.42 and sales of $1.37 billion to 1.51 billion.

Details Of The Call

Date: Aug 19, 2020

Time: 10:00 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/ifqpvk57

Price Action

Company's 52-week high was at $127.39

Company's 52-week low was at $79.08

Price action over last quarter: Up 6.75%

Company Profile

Analog Devices is a leading analog, mixed signal, and digital signal processing chipmaker. The firm has a significant market share lead in converter chips, which are used to translate analog signals to digital and vice versa. The company serves tens of thousands of customers, and more than half of its chip sales are made to industrial and automotive end markets. Analog Devices' chips are also incorporated into wireless infrastructure equipment.