InterDigital Reaffirms Full Year 2024 Guidance; Revenue Of $620M-$670M (Est $634.668M), Adj EPS Of $7.45-$8.76 (Est $5.72)
Portfolio Pulse from Benzinga Newsdesk
InterDigital has reaffirmed its full-year 2024 guidance, projecting revenues of $620M-$670M, with an adjusted EPS of $7.45-$8.76, surpassing the estimated adjusted EPS of $5.72.
May 02, 2024 | 12:38 pm
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InterDigital reaffirms its 2024 revenue guidance of $620M-$670M and adjusted EPS of $7.45-$8.76, exceeding the estimated adjusted EPS of $5.72.
InterDigital's reaffirmation of its 2024 guidance, especially with an adjusted EPS significantly higher than analyst estimates, is a strong positive signal to the market. This could lead to increased investor confidence and potentially drive the stock price up in the short term, as it suggests the company's future financial health and operational performance are expected to be strong.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100