InterDigital shares are trading higher after the company reported better-than-expected Q3 financial results and raised its FY24 guidance
Portfolio Pulse from Benzinga Newsdesk
InterDigital shares rose following the release of strong Q3 financial results and an upward revision of FY24 guidance.
October 31, 2024 | 1:40 pm
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InterDigital's stock price increased due to better-than-expected Q3 financial results and an upward revision of FY24 guidance.
The company's strong Q3 performance and improved FY24 guidance are likely to boost investor confidence, leading to a positive impact on the stock price. The market typically reacts favorably to better-than-expected earnings and guidance increases.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100