Expertise firm Analog Gadgets, Inc. (NASDAQ: ADI) has reported a lower in revenues and adjusted revenue for the fourth quarter of 2024.
Fourth-quarter earnings, excluding particular gadgets, declined 17% year-over-year to $1.67 per share from $2.01 per share final yr. On a reported foundation, web earnings was $478.1 million or $0.96 per share within the October quarter, in comparison with $498.4 million or $1.00 per share in This autumn 2023.
The underside line was negatively impacted by a ten% fall in revenues to $2.44 billion within the fourth quarter from $2.72 billion within the prior yr interval.
“Whereas macro uncertainty continues to restrict the tempo of our restoration, we stay cautiously optimistic for a powerful development yr in fiscal 2025,” mentioned the corporate’s CFO Richard Puccio.
