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

Adeia

07/08/2023 23:08

* Adeia Inc  ADEA.OQ  reported quarterly adjusted earnings
of 26
cents​​ per share for the quarter ended in June. The mean
expectation of three analysts for the quarter was for earnings
of 25 cents per share.
    * Revenue fell 64.4% to $83.22 million from a year ago;
analysts
expected $89.01 million. 
    * Adeia Inc's reported EPS for the quarter was 1 cent​.
    * The mean earnings estimate of analysts had fallen by
about 23.2%
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 4.8% this quarter and
gained 21.7%
so far this year.
    * The company reported quarterly net income of $1.42
million.
    * Wall Street's median 12-month price target for Adeia Inc
is
$16.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 3 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 7 at 10:08 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.25           0.26           Beat
 Mar. 31 2023      0.33           0.48           Beat
 Dec. 31 2022      0.30           0.41           Beat
 Sep. 30 2022      0.32           0.31           Missed