InterDigital Sees Q1 2024 Adj. EPS $2.50-$3.00; Revenue $245M-$255M Including ~$152M-$160M Of Catch-Up Sales
Portfolio Pulse from Benzinga Newsdesk
InterDigital forecasts Q1 2024 adjusted EPS to be between $2.50 and $3.00. The company expects revenue to range from $245 million to $255 million, which includes approximately $152 million to $160 million in catch-up sales.
January 16, 2024 | 1:41 pm
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InterDigital anticipates a strong Q1 2024 with adjusted EPS between $2.50 and $3.00 and revenues between $245M and $255M, including significant catch-up sales.
The projected increase in EPS and revenue, particularly the inclusion of substantial catch-up sales, is likely to be viewed positively by investors. This guidance suggests strong performance and potential market share gains, which could lead to an increase in stock price in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100