InterDigital Expects Q1'24 Revenue Of $245M-$255M (Est $107.68M), Adj EPS Of $3.02-$3.58 (Est $1.29)
Portfolio Pulse from Benzinga Newsdesk
InterDigital forecasts its Q1'24 revenue to be between $245M-$255M, significantly surpassing the estimated $107.68M. Additionally, the adjusted EPS is expected to be in the range of $3.02-$3.58, also well above the estimated $1.29.
February 15, 2024 | 1:40 pm
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InterDigital significantly exceeds revenue and EPS estimates for Q1'24, forecasting $245M-$255M in revenue and $3.02-$3.58 in adjusted EPS.
InterDigital's forecast significantly exceeds analysts' expectations for both revenue and EPS for Q1'24. This positive earnings surprise is likely to lead to a short-term increase in stock price due to increased investor confidence and potential upward revisions of future earnings estimates.
CONFIDENCE 90
IMPORTANCE 95
RELEVANCE 100