InterDigital Q3 Adj EPS $2.13 Beats $0.66 Estimate, Sales $140.10M Beat $99.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
InterDigital (NASDAQ:IDCC) reported Q3 adjusted earnings of $2.13 per share, beating the analyst consensus estimate of $0.66 by 222.73%. This is a 187.84% increase from the same period last year. The company also reported quarterly sales of $140.10 million, beating the analyst consensus estimate of $99.30 million by 41.09%, a 22.08% increase from the same period last year.
November 02, 2023 | 12:33 pm
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InterDigital's Q3 earnings and sales significantly exceeded estimates, which could lead to a positive market reaction.
InterDigital's Q3 earnings and sales significantly exceeded analyst estimates. This strong performance could increase investor confidence and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100