InterDigital Sees Prelim. Q4 2023 Adj. EPS $1.34 Vs $0.71 Est.; Revenue ~$105M Vs $104.2M Est.
Portfolio Pulse from Benzinga Newsdesk
InterDigital, Inc. reported preliminary Q4 2023 adjusted earnings per share (EPS) of $1.34, significantly surpassing the estimated $0.71. Revenue for the quarter is approximately $105 million, slightly above the $104.2 million estimate.
January 16, 2024 | 1:33 pm
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InterDigital's Q4 2023 adjusted EPS of $1.34 greatly exceeded the $0.71 estimate, and its revenue of about $105M also surpassed expectations.
The significant beat on both the EPS and revenue estimates for Q4 2023 suggests a strong financial performance by InterDigital, which is likely to be viewed positively by investors. This could lead to a short-term increase in stock price as the market reacts to the positive earnings surprise.
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IMPORTANCE 90
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