RedHotStocks

Await breakout in Analog Devices $ADI

NASDAQ:ADI   Analog Devices, Inc.

Stock jumps after earnings but failed to breakout.
Order placed above previous high
Analog Devices (NASDAQ:ADI) +5.2% reports Q1 results that beat on earnings but narrowly missed on revenue.
For Q2, ADI sees revenue of $1.35B (consensus: $1.38B), plus or minus $50M, which was reduced by $70M to account for the potential coronavirus impact. At the revenue midpoint, the company expects operating margins of 37.5% (+/-100 bps) and EPS of $1.10 (+/-$0.08; consensus: $1.13).
Q1 revenue breakdown: Industrial, $684.9M (-7%); Communications, $239.9M (-31%); Auto, $205.3M (-16%); Consumer, $173.4M (-20%).
Gross margin was 68.5% compared to the 68.9% consensus. Operating margin was 36.9%, down from last year's 41.2%.
Source seeking alpha

Pernyataan Penyangkalan

Informasi dan publikasi tidak dimaksudkan untuk menjadi, dan bukan merupakan saran keuangan, investasi, perdagangan, atau rekomendasi lainnya yang diberikan atau didukung oleh TradingView. Baca selengkapnya di Persyaratan Penggunaan.