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

InterDigital

03/08/2023 15:56

* InterDigital Inc  IDCC.OQ  reported quarterly adjusted
earnings
of 79 cents​​ per share for the quarter ended in June. The mean
expectation of four analysts for the quarter was for earnings of
68 cents per share.
    * Revenue fell 18.5% to $101.59 million from a year ago;
analysts
expected $102.39 million. 
    * InterDigital Inc's reported EPS for the quarter was 79
cents​.
    * The mean earnings estimate of analysts had risen by
about 3.6%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company. 
    * InterDigital Inc shares had fallen by 5.9% this
quarter and
gained 83.7% so far this year.
    * The company reported quarterly net income of $21.78
million.
    * Wall Street's median 12-month price target for
InterDigital Inc
is $109.00 
    * The current average analyst rating on the shares is
"strong 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 LSEG Refinitiv data
August 3 at 02:55 p.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.68           0.79           Beat
 Mar. 31 2023      0.62           3.58           Beat
 Dec. 31 2022      0.73           1.08           Beat
 Sep. 30 2022      0.44           0.74           Beat