Adeia Inc reports results for the quarter ended in December - Earnings Summary

Adeia

22/02/2023 23:41

* Adeia Inc  ADEA.OQ  reported quarterly adjusted earnings
of 41
cents​​ per share for the quarter ended in December. The mean
expectation of four analysts for the quarter was for earnings of
30 cents per share.
    * Revenue fell 51.8% to $103.29 million from a year ago;
analysts
expected $101.51 million. 
    * Adeia Inc's reported EPS for the quarter was 65 cents​.
    * The mean earnings estimate of analysts was unchanged in
the last
three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * Adeia Inc shares had risen by 7.4% this quarter.
    * The company reported quarterly net income of $73.73
million.
    * Wall Street's median 12-month price target for Adeia Inc
is
$16.50 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data February
22 at 11:41 p.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.30           0.41           Beat
 Sep. 30 2022      0.32           0.31           Missed
 Jun. 30 2022      0.40           0.52           Beat
 Mar. 31 2022      0.63           0.92           Beat