InterDigital Expects Q2 Revenue Of $93M-$97M (Est $108.005M), Adj EPS $0.70-$0.80 (Est $0.56)
Portfolio Pulse from Benzinga Newsdesk
InterDigital forecasts its Q2 revenue to be between $93M-$97M, falling short of the estimated $108.005M. However, its adjusted EPS is expected to be $0.70-$0.80, surpassing the estimated $0.56.

May 02, 2024 | 12:35 pm
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InterDigital's Q2 revenue forecast is below expectations, but its adjusted EPS is projected to exceed estimates.
The lower than expected revenue forecast could negatively impact investor sentiment and stock price in the short term. However, the higher than expected adjusted EPS projection may offset some of the negative impact by indicating operational efficiency or cost management success. The mixed nature of this financial outlook suggests a neutral short-term impact on the stock price, as the positive EPS forecast could balance concerns over missed revenue expectations.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 90