Analog Devices Surpasses Q3 Earnings Expectations

Robust Q3 Performance
Analog Devices, a leading semiconductor company, reported third-quarter earnings that exceeded forecasts, resulting in a share price increase of 1.7%. The company achieved an adjusted earnings per share (EPS) of $1.58, topping analyst predictions of $1.51. This performance, despite a 25% year-over-year revenue decline, showcases the company's resilience in a challenging market.