Stock slips as company misses earnings and revenue estimates
- Analog Devices stock is slipping after disappointing fiscal first-quarter guidance
- Guidance for earnings and revenue below analysts’ estimates
- Fiscal fourth-quarter earnings came in just shy of Wall Street estimates
- Revenue for the quarter beat expectations
- Shares of Analog Devices down 2.9% in premarket trading
Analog Devices stock is slipping after the semiconductor company provided fiscal first-quarter guidance below analysts’ estimates. The company guided for earnings of $1.70 a share, plus or minus 10 cents a share, on revenue of $2.5 billion, plus or minus $100 million. This is below the expectations of analysts who were anticipating earnings of $1.91 a share on revenue of $2.69 billion. In the fiscal fourth quarter, Analog Devices reported earnings of $2.01 a share, just shy of Wall Street estimates of $2.02 a share. However, revenue for the quarter beat expectations. Shares of Analog Devices were down 2.9% in premarket trading.
Factuality Level: 8
Factuality Justification: The article provides specific information about Analog Devices’ fiscal first-quarter outlook, including their earnings and revenue guidance. It also includes the analysts’ estimates and compares them to the company’s actual results. The CEO’s statement is quoted to provide additional context. There is no irrelevant or misleading information, sensationalism, redundancy, or opinion masquerading as fact. The article is focused and provides accurate and objective information.
Noise Level: 3
Noise Justification: The article provides information about Analog Devices’ fiscal first-quarter outlook and earnings, but it lacks in-depth analysis, evidence, and actionable insights. It mainly focuses on the company’s stock performance and does not explore the consequences of the guidance below analysts’ estimates or the impact on stakeholders.
Financial Relevance: Yes
Financial Markets Impacted: Analog Devices stock
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The article pertains to the financial performance of Analog Devices, a semiconductor company. It provides information on the company’s fiscal first-quarter outlook, which was below analysts’ estimates. This news may impact the stock price of Analog Devices.
Public Companies: Analog Devices (ADI)
Key People: Vincent Roche (Chief Executive)
Reported publicly:
www.marketwatch.com 
