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Analog Results Tanked Stocks in Auto Sector. Nvidia Escaped.

Por: MarketWatch Business May 25, 2023

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“We delivered another very strong quarter, record revenue of $3.26 billion exceeded the midpoint of guidance and represented [Analog’s] 13th consecutive of sequential growth,” said CFO Prashanth Mahendra-Rajah on the company’s earnings conference call. “On a year-over-year basis, we grew 10%, led once again by all-time highs in industrial and automotive.” Car-related sales represented 24% of Analog’s sales. It didn’t matter... + full article



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