December 23, 2024
Intangible Assets

Analog Devices Q3 Earnings: Revenue And EPS Beat, CFO Highlights Improved Inventory And Order Momentum For Q4 – Analog Devices (NASDAQ:ADI)

Analog Devices, Inc. ADI stock traded higher Wednesday after the company reported fiscal third-quarter results. The company’s revenue declined 25% year-on-year to $2.31 billion, beating the analyst consensus estimate of $2.27 billion. Adjusted EPS of $1.58 beat the analyst consensus estimate of $1.50. Analog Devices’ Industrial revenue declined by 37% year-on-year to $1.06 billion. Automotive revenue decreased 8% Y/year-on-year to $670.3 million. Communications revenue declined

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Intangible Assets

GlobalFoundries Exceeds Q2 Projections, Navigates High Inventory Levels In Chip Market – GLOBALFOUNDRIES (NASDAQ:GFS)

GlobalFoundries Inc GFS reported a fiscal second-quarter 2024 revenue decline of 12% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.62 billion. The contract chipmaker’s adjusted EPS of 38 cents beat the analyst consensus estimate of 28 cents.  Smartphone and mobile device revenue fell by around 3% from a year ago, while industrial IOT revenue declined

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Operating Assets

Symbotic Stock Falls On Q3 Earnings: What Investors Need To Know – Symbotic (NASDAQ:SYM)

Symbotic Inc SYM shares are tumbling in Monday’s after-hours session on the heels of the company’s third-quarter financial results. Q3 Earnings: Symbotic reported fiscal third-quarter revenue of $491.862 million, beating analyst estimates of $464.55 million, according to Benzinga Pro. The company reported an earnings loss of 2 cents per share, missing estimates for positive earnings

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