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

InterDigital

15/02/2024 16:03

* InterDigital Inc  IDCC.OQ  reported quarterly adjusted
earnings
of $1.41​​ per share for the quarter ended in December, higher
than the same quarter last year, when the company reported EPS
of $1.08.  The mean expectation of five analysts for the quarter
was for earnings of 89 cents per share. Wall Street expected
results to range from 51 cents to $1.21 per share.
    * Revenue fell 9.9% to $105.52 million from a year ago;
analysts
expected $104.64 million. 
    * InterDigital Inc's reported EPS for the quarter was
$1.41​.
    * The company reported quarterly net income of $39.09
million.
    * InterDigital Inc shares had fallen by 3.6% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 26.1%
in the last three months.​ 
    * In the last 30 days, there have been no negative revisions
of
earnings estimates

RECOMMENDATIONS
    * The current average analyst rating on the shares is
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "strong buy"

Wall Street's median 12-month price target for InterDigital Inc
is $119.00 
This summary was machine generated from LSEG data February 15 at
04:03 p.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.89           1.41           Beat
 Sep. 30 2023      0.66           1.72           Beat
 Jun. 30 2023      0.68           0.79           Beat
 Mar. 31 2023      0.62           3.58           Beat