InterDigital Raises FY24 Outlook To $855M-$865M (Prior $690M-$740M) Vs. $721.7M Est; Sees Adjusted EPS Of $14.69-$14.99 (Prior $9.70-$10.95) Vs. $7.87 Est
Portfolio Pulse from Benzinga Newsdesk
InterDigital has raised its fiscal year 2024 revenue outlook to $855M-$865M from the previous $690M-$740M, surpassing the $721.7M estimate. The company also increased its adjusted EPS forecast to $14.69-$14.99 from $9.70-$10.95, exceeding the $7.87 estimate.
October 31, 2024 | 12:35 pm
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InterDigital has significantly raised its FY24 revenue and adjusted EPS outlook, both exceeding market estimates. This positive revision suggests strong business performance and could lead to a rise in stock prices.
InterDigital's upward revision of its FY24 revenue and EPS outlook indicates better-than-expected business performance. The new figures surpass market estimates, which is likely to positively influence investor sentiment and drive the stock price up in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100