InterDigital shares are trading higher after the company on Thursday reported better-than-expected Q3 financial results and raised its FY24 guidance
Portfolio Pulse from Benzinga Newsdesk
InterDigital shares rose after the company reported strong Q3 results and increased its FY24 guidance.
November 01, 2024 | 6:50 pm
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InterDigital's stock price increased following the announcement of better-than-expected Q3 financial results and an upward revision of its 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