InterDigital Q3 Earnings Results: EPS Beat, Revenue Beat, Raised Guidance
Portfolio Pulse from Vaishali Prayag
InterDigital Inc. (NASDAQ:IDCC) reported strong Q3 earnings, beating EPS and revenue estimates. The company raised its 2024 revenue guidance significantly, driven by growth in consumer electronics and IoT licensing. New agreements with OPPO and Lenovo are expected to boost future performance.
October 31, 2024 | 7:06 pm
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InterDigital reported Q3 earnings that exceeded expectations, with EPS of $1.63 and revenue of $128.68 million. The company raised its 2024 revenue guidance significantly, citing strong performance in consumer electronics and IoT licensing. New agreements with OPPO and Lenovo are expected to further enhance revenue.
InterDigital's Q3 results exceeded analyst expectations, leading to a positive market reaction. The significant increase in 2024 revenue guidance and new agreements with major companies like OPPO and Lenovo suggest strong future performance, likely boosting investor confidence and stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100