Recap: Adeia Q4 Earnings
Portfolio Pulse from Benzinga Insights
Adeia (NASDAQ:ADEA) reported Q4 earnings with an EPS of $0.27, beating estimates by 8.0% but with a revenue decrease of $16.42 million from the previous year. The company has a history of surpassing EPS estimates, which previously led to a share price increase.
February 20, 2024 | 9:15 pm
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Adeia reported a higher than expected Q4 EPS of $0.27, outperforming estimates by 8%, but saw a decrease in revenue compared to last year.
Adeia's beat on EPS estimates is likely to be viewed positively by investors, given the company's history of surpassing EPS expectations and the subsequent positive impact on its share price. However, the decrease in revenue could temper some of the enthusiasm, making the overall short-term impact on the stock price likely positive but with caution due to revenue concerns.
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RELEVANCE 100