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

InterDigital

01/08/2024 14:33

* InterDigital Inc  IDCC.OQ  reported quarterly adjusted
earnings
of $3.93​​ per share for the quarter ended in June, higher than
the same quarter last year, when the company reported EPS of 79
cents.  The mean expectation of five analysts for the quarter
was for earnings of 33 cents per share. Wall Street expected
results to range from 12 cents to 79 cents per share.
    * Revenue rose 120% to $223.49 million from a year ago;
analysts
expected $99.68 million. 
    * InterDigital Inc's reported EPS for the quarter was
$3.93​.
    * The company reported quarterly net income of $109.66
million.
    * InterDigital Inc shares had risen by 5.3% this quarter and
gained 13.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 21.4%
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 3 "strong buy" or "buy," 1
"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 $116.00 
This summary was machine generated from LSEG data August 1 at
01:33 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
 Jun. 30 2024      0.33           3.93           Beat
 Mar. 31 2024      2.75           2.88           Beat
 Dec. 31 2023      0.89           1.41           Beat
 Sep. 30 2023      0.66           1.72           Beat