Adeia Q2 Adj EPS $0.26 Beats $0.22 Estimate, Sales $83.22M Miss $84.17M Estimate
Portfolio Pulse from totan@benzinga.com
Adeia (NASDAQ:ADEA) reported Q2 earnings of $0.26 per share, beating the analyst consensus estimate of $0.22 by 18.18%. However, the company's quarterly sales of $83.22 million missed the analyst consensus estimate of $84.17 million by 1.13%. This represents a 50% decrease in earnings and a 22.82% decrease in sales compared to the same period last year.
August 07, 2023 | 8:33 pm
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Adeia's Q2 earnings beat estimates but sales fell short. This represents a 50% decrease in earnings and a 22.82% decrease in sales compared to the same period last year.
Adeia's earnings beat estimates, which is positive for the stock. However, the company's sales missed estimates and both earnings and sales decreased significantly compared to the same period last year. This could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100