InterDigital Inc reports results for the quarter ended in September 30 - Earnings Summary

InterDigital

01/11/2024 03:45

* InterDigital Inc  IDCC.OQ  reported quarterly adjusted
earnings
of $1.14​​ per share for the quarter ended September 30, lower
than the same quarter last year, when the company reported EPS
of $1.72.  The mean expectation of five analysts for the quarter
was for earnings of 24 cents per share. Wall Street expected
results to range from 23 cents to 26 cents per share.
    * Revenue fell 8.2% to $128.68 million from a year ago;
analysts
expected $95.95 million. 
    * InterDigital Inc's reported EPS for the quarter was
$1.14​.
    * The company reported quarterly net income of $34.19
million.
    * InterDigital Inc shares had risen by 4.3% this quarter and
gained 36.1% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts was unchanged 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 "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 $163.00 
This summary was machine generated from LSEG data November 1 at
03:45 a.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
 Sep. 30 2024      0.24           1.14           Beat
 Jun. 30 2024      0.33           3.93           Beat
 Mar. 31 2024      2.75           2.88           Beat
 Dec. 31 2023      0.89           1.41           Beat