Analog Devices: Q1 EPS down 6%
(CercleFinance.com) - Analog Devices has reported Q1 2024-25 adjusted EPS that is down 6% to $1.
63, with an adjusted operating margin down 1.5 point to 40.5%, on revenues that fell 4% to $2.42bn. NB: pmt +4.9%.
We exceeded the mid-point of our target ranges, with a recovery propelled by improving cyclical dynamics and numerous new wins across our franchise converting into revenues, says CEO Vincent Roche.
For the current quarter, the semiconductor manufacturer forecasts revenues of $2.4bn to $2.6bn, an adjusted operating margin of around 39.5% to 41.5% and adjusted EPS of $1.58 yo $1.78.
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