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.
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