Analog Devices Expects Revenue to Slide More. Chip Stocks Still Face Headwinds.

📆 23-8-2023 20:05:00
📰 MarketWatch

⏱ Reading Time:
20 sec. here
2 min. at publisher
📊 Quality Score:
News: 11%
Publisher: 97%

Nederland Nieuws Nieuws

Nederland Laatste Nieuws,Nederland Headlines

The company's guidance missed analysts' expectations, as sales were hit by weakness in telecoms and consumer electronics.

Analog Devices said Wednesday that weaker demand from telecommunications companies and consumer electronics makers was hitting its chip sales.

Analog Devices was expected to report earnings of $2.52 a share on revenue of $3.10 billion according to a FactSet poll of analysts’ estimates. The company’s quarterly revenue was down 1% from the same period a year ago. Revenue in its biggest markets, the industrial and automotive sectors, rose. However, it was hit by sharp falls in sales of chips for communications and consumer devices.

Wij hebben dit nieuws samengevat zodat u het snel kunt lezen. Bent u geïnteresseerd in het nieuws, dan kunt u hier de volledige tekst lezen. Lees verder:

Schrijf commentaar

Nederland Laatste Nieuws, Nederland Headlines

Similar News:Je kunt ook nieuwsberichten lezen die vergelijkbaar zijn met deze die we uit andere nieuwsbronnen hebben verzameld.

Analog Devices Stock Sinks on Weak Outlook. It’s Bad News for Chip Stocks.Analog Devices shares dropped on Wednesday after its quarterly guidance missed analysts' expectations. Other semiconductor companies with big industrial and...
Bron: MarketWatch - 🏆 3. / 97 Lees verder »

Analog Devices stock slides as earnings fall short and company says it faces ‘near-term turbulence.’Analog Devices Inc. stock was down nearly 8% in premarket trades Wednesday after the chip maker’s adjusted third-quarter profit missed Wall Street estimates....
Bron: MarketWatch - 🏆 3. / 97 Lees verder »