Adeia Q4 2023 Adj EPS $0.27 Beats $0.25 Estimate, Sales $86.87M Miss $88.85M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adeia (NASDAQ:ADEA) reported Q4 2023 earnings of $0.27 per share, surpassing the $0.25 estimate, but its sales of $86.87M fell short of the $88.85M estimate, marking a 15.90% decrease from the previous year.
February 20, 2024 | 9:14 pm
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Adeia reported higher-than-expected Q4 earnings but missed sales estimates, with a significant year-over-year decrease.
While Adeia's earnings per share exceeded expectations, the miss on sales estimates and the notable year-over-year decline could concern investors. The mixed results may lead to neutral short-term stock price movement as the market digests both the positive earnings surprise and the negative sales performance.
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