Benzinga | Aug 18, 2021 07:04AM EDT

Analog Devices Q3 Adj. EPS $1.72 Beats $1.62 Estimate, Sales $1.76B Beat $1.71B Estimate

Analog Devices (NASDAQ:ADI) reported quarterly earnings of $1.72 per share which beat the analyst consensus estimate of $1.62 by 6.17 percent. This is a 26.47 percent increase over earnings of $1.36 per share from the same period last year. The company reported quarterly sales of $1.76 billion which beat the analyst consensus estimate of $1.71 billion by 2.92 percent. This is a 20.88 percent increase over sales of $1.46 billion the same period last year.