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

InterDigital

02/05/2024 15:17

* InterDigital Inc  IDCC.OQ  reported quarterly adjusted
earnings
of $2.88​​ per share for the quarter ended in January, lower
than the same quarter last year, when the company reported EPS
of $3.58.  The mean expectation of five analysts for the quarter
was for earnings of $2.75 per share. Wall Street expected
results to range from $2.70  to $2.82 per share.
    * Revenue rose 30.2% to $263.54 million from a year ago;
analysts
expected $250.28 million. 
    * InterDigital Inc's reported EPS for the quarter was
$2.88​.
    * The company reported quarterly net income of $81.65
million.
    * InterDigital Inc shares had fallen by 8.0% this
quarter and
lost 9.8% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 112.4%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 4 "strong buy" or "buy," no
"hold" and 1 "sell" or "strong sell." 
    * The average consensus recommendation for the
communications &
networking peer group is also "buy"

Wall Street's median 12-month price target for InterDigital Inc
is $118.50 
This summary was machine generated from LSEG data May 2 at 02:17
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
 Mar. 31 2024      2.75           2.88           Beat
 Dec. 31 2023      0.89           1.41           Beat
 Sep. 30 2023      0.66           1.72           Beat
 Jun. 30 2023      0.68           0.79           Beat