Adeia Q2 2024 Adj. EPS $0.28 Beats $0.23 Estimate, Sales $87.350M Beat $84.246M Estimate
Portfolio Pulse from Benzinga Newsdesk
Adeia (NASDAQ:ADEA) reported Q2 2024 adjusted EPS of $0.28, beating the $0.23 estimate by 21.74%. Sales were $87.350M, surpassing the $84.246M estimate by 3.68%. Both EPS and sales showed year-over-year growth.
August 06, 2024 | 8:21 pm
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Adeia reported strong Q2 2024 results with EPS of $0.28 beating estimates by 21.74% and sales of $87.350M surpassing estimates by 3.68%. Both metrics showed year-over-year growth.
Adeia's strong earnings and sales performance, beating analyst estimates and showing year-over-year growth, are likely to positively impact the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100