InterDigital Q2 Adj $1.30 Beats $1.21 Estimate, Sales $101.59M Beat $101.22M Estimate
Portfolio Pulse from Benzinga Newsdesk
InterDigital (NASDAQ:IDCC) reported Q2 earnings of $0.79 per share, beating the analyst consensus estimate of $0.68 by 16.18%. However, this is a 16.84% decrease from the same period last year. The company's quarterly sales were $101.60 million, missing the analyst consensus estimate of $102.39 million by 0.77%. This represents an 18.50% decrease from the same period last year.
August 04, 2023 | 1:15 pm
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InterDigital's Q2 earnings beat estimates but are down YoY. Sales also missed estimates and are down YoY.
InterDigital's earnings beat estimates, which is positive. However, the YoY decrease in earnings and sales, as well as the missed sales estimate, are negative indicators that could potentially lead to a decrease in the company's stock price in the short term.
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