InterDigital Sees Q3 Adj. EPS $1.10-$1.20 vs $0.67 Est., Revenue $97M-$100M vs $104M Est.
Portfolio Pulse from Benzinga Newsdesk
InterDigital has projected its Q3 adjusted EPS to be between $1.10 and $1.20, which is higher than the estimated $0.67. However, the company's revenue is expected to be between $97M and $100M, lower than the estimated $104M.
August 04, 2023 | 1:26 pm
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InterDigital's higher than expected Q3 EPS forecast may boost investor confidence, but lower revenue projection could offset this positive sentiment.
InterDigital's higher than expected EPS indicates potential profitability, which could drive the stock price up. However, the lower revenue projection suggests a potential decrease in business activity, which could negatively impact the stock price. The net effect on the stock price is uncertain.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100