Investing.com – Analog Devices (NASDAQ:) Wednesday’s second quarter report showed revenue exceeding expectations and beating analysts’ predictions.

Analog Devices reported earnings per share at $2.4 for revenue of $2.97B. Investing.com polled analyst to predict EPS of 2.11 for revenue of $2.83B.

Analog devices shares fell 6% over the first year but are still below 14.64% of its 52-week peak of $191.95, which was set November 22, 2021. They are outperforming the S&P 500 which is down 14.21% from the start of the year.

Analog Devices reports this month to other Information Technology sectors.

Analog Devices reports on an Apple earnings beat of April 28, where they reported EPS $1.52 per share on $97.28B in revenue, while forecasts called for EPS $1.42 on revenues of $94.03B.

Microsoft exceeded expectations by beating all forecasts on April 26, with third quarterEPS of $2.22 on revenues of $49.36B. This was compared to the $2.19 expected on revenues of $49.02B.

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