InterDigital Expects Full Year 2024 Revenue Of $620M-$670M (Est $505.52M), Adj EPS Of $7.45-$8.76 (Est $4.51)
Portfolio Pulse from Benzinga Newsdesk
InterDigital forecasts its full-year 2024 revenue to be between $620M-$670M, significantly surpassing the estimated $505.52M. Additionally, the company anticipates its adjusted EPS to range from $7.45-$8.76, well above the estimated $4.51.
February 15, 2024 | 1:38 pm
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InterDigital's 2024 revenue and EPS forecasts significantly exceed analyst estimates, indicating strong future performance.
InterDigital's significantly higher revenue and EPS forecasts for 2024 compared to analyst estimates suggest a positive outlook for the company's financial health and operational efficiency. This optimistic forecast is likely to positively influence investor sentiment and potentially lead to an increase in stock price in the short term.
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