InterDigital Reports Q2 Adj EPS Of $4.57 Higher Than $1.30 YoY, Sales $223.49M Compared With $101.6M
Portfolio Pulse from Benzinga Newsdesk
InterDigital (NASDAQ:IDCC) reported Q2 adjusted EPS of $4.57, a 251.54% increase YoY, and sales of $223.49M, a 119.99% increase YoY, beating analyst estimates by 124.21%.
August 01, 2024 | 12:36 pm
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InterDigital reported Q2 adjusted EPS of $4.57, a 251.54% increase YoY, and sales of $223.49M, a 119.99% increase YoY, significantly beating analyst estimates.
The significant increase in both EPS and sales, along with the substantial beat of analyst estimates, is likely to positively impact IDCC's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100