News Formal

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

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

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

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.

Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 3. in SE
 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

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...
Källa: MarketWatch - 🏆 3. / 97 Läs mer »

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....
Källa: MarketWatch - 🏆 3. / 97 Läs mer »