Adeia Q3 Adj EPS $0.38 Beats $0.26 Estimate, Sales $101.40M Beat $90.81M Estimate
Portfolio Pulse from bharat@benzinga.com
Adeia (NASDAQ:ADEA) reported Q3 earnings of $0.38 per share, beating the analyst consensus estimate of $0.26 by 46.15%. This is a 22.58% increase from the same period last year. The company also reported quarterly sales of $101.40 million, beating the analyst consensus estimate of $90.81 million by 11.66%. However, this is a 51.93% decrease from the same period last year.
November 06, 2023 | 9:41 pm
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Adeia's Q3 earnings and sales beat estimates, which could positively impact its stock price. However, the significant decrease in sales YoY could be a concern for investors.
Adeia's Q3 earnings beat estimates, which is generally a positive signal for the stock. However, the significant decrease in sales compared to the same period last year could be a concern for investors, potentially offsetting the positive impact of the earnings beat.
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