InterDigital Q4 Adj EPS $1.41 Beats $0.89 Estimate, Sales $105.50M Beat $104.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
InterDigital (IDCC) reported Q4 adjusted EPS of $1.41, surpassing the consensus estimate of $0.89 by 58.43%. Quarterly sales were $105.50M, slightly above the estimate of $104.64M, but marked a 9.87% decrease from the previous year.
February 15, 2024 | 1:32 pm
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InterDigital reported a significant beat on Q4 earnings and a slight beat on sales, but experienced a year-over-year sales decline.
Beating earnings and sales estimates typically has a positive short-term impact on a company's stock price. However, the year-over-year decline in sales might temper investor enthusiasm, suggesting a mixed but overall positive short-term outlook.
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RELEVANCE 100