Analog Devices: Q3 EPS slumps 37%
(CercleFinance.com) - Analog Devices reports Q3 2023-24 adjusted EPS that is down 37% to $1.
58, with an adjusted operating margin down 6.6 points to 41.2%, on revenues that fell 25% to $2.31bn.
Richard Puccio, the semiconductor manufacturer's CFO, believes that the improvement in customer inventory levels and order dynamics in most of our markets confirms that we have passed the low point of this cycle.
For the current quarter, the group forecasts revenues of $2.3bn-$2.5bn, an adjusted operating margin of around 41% (plus or minus 100bp) and adjusted EPS of $1.63 (plus or minus 10 cents).
Copyright (c) 2024 CercleFinance.com. All rights reserved.
58, with an adjusted operating margin down 6.6 points to 41.2%, on revenues that fell 25% to $2.31bn.
Richard Puccio, the semiconductor manufacturer's CFO, believes that the improvement in customer inventory levels and order dynamics in most of our markets confirms that we have passed the low point of this cycle.
For the current quarter, the group forecasts revenues of $2.3bn-$2.5bn, an adjusted operating margin of around 41% (plus or minus 100bp) and adjusted EPS of $1.63 (plus or minus 10 cents).
Copyright (c) 2024 CercleFinance.com. All rights reserved.