Top 5 Earnings to Watch This Week

2. Analog Devices, Inc. (NASDAQ:ADI)

Number of Hedge Fund Holders: 61

Shares of Analog Devices, Inc. (NASDAQ:ADI) fell nearly five percent on Wednesday, August 17, 2022, despite surpassing profit and sales expectations for its fiscal third quarter.

Analog Devices, Inc. (NASDAQ:ADI) reported adjusted earnings of $2.52 per share on revenue of $3.1 billion. On the other hand, analysts expected the semiconductor company to earn $2.43 per share on revenue of $3.06 billion.

For the fourth quarter, Analog Devices, Inc. (NASDAQ:ADI) projected adjusted earnings of around $2.57 per share on revenue of about $3.15 billion. In comparison, Wall Street analysts, on average, are calling for earnings of $2.50 per share and revenue of $3.09 billion.