QCOM - Why Semiconductor And Chip Stocks Fell Today | Benzinga
Shares of semiconductor and chip stocks are trading lower on Tuesday. Weakness may be due to weak guidance from Analog Devices (NASDAQ: ADI).
What To Know: Analog Devices reported fourth-quarter earnings before the open of the market on Tuesday. While the company beat top and bottomline estimates, with quarterly earnings of $2.01 per share exceeding expectations of $2.00 and revenue clocking in at $2.72 billion, above the analyst consensus estimate of $2.70 billion, first-quarter guidance was weak.
Analog Devices anticipates first-quarter revenue to be $2.5 ...