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

InterDigital

02/11/2023 13:33

* InterDigital Inc  IDCC.OQ  reported quarterly adjusted
earnings
of $1.72​​ per share for the quarter ended in September, higher
than the same quarter last year, when the company reported EPS
of 74 cents.  The mean expectation of five analysts for the
quarter was for earnings of 66 cents per share. Wall Street
expected results to range from 62 cents to 74 cents per share.
    * Revenue rose 22.1% to $140.11 million from a year ago;
analysts
expected $99.30 million. 
    * InterDigital Inc shares had fallen by 4.9% this
quarter and
gained 54.2% so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
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
"strong buy"
and the breakdown of recommendations is 5 "strong buy" or
"buy," no "hold" and no "sell" or "strong sell." 
    * Wall Street's median 12-month price target for
InterDigital Inc
is $109.00 

This summary was machine generated from LSEG data November 2 at
01:32 p.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.66           1.72           Beat
 Jun. 30 2023      0.68           0.79           Beat
 Mar. 31 2023      0.62           3.58           Beat
 Dec. 31 2022      0.73           1.08           Beat