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InterDigital Q4 Results Top Estimates; Guides Q1, FY24 Well Above Estimates

RTTNews | 612 दिनों पहले

InterDigital Q4 Results Top Estimates; Guides Q1, FY24 Well Above Estimates

(RTTNews) - InterDigital, Inc. (IDCC) on Thursday reported fourth-quarter net income available to common shareholders of $39.1 million or $1.41 per share, up from $32.4 million or $1.08 per share in the prior-year quarter.

Excluding one-time items, adjusted earnings for the quarter were $1.41 per share, compared to $1.62 per share in the year-ago quarter.

On average, five analysts polled by Thomson Reuters expected the company to report earnings of $0.89 per share for the quarter. Analysts' estimates typically exclude special items.

Revenues for the quarter decreased 10 percent to $105.5 million from $117.1 million in the same quarter last year. Analysts expected net sales of $104.64 million for the quarter.

Looking ahead the first quarter, the company expects earnings in a range of $2.40 to $2.95 per share and adjusted earnings in a range of $3.02 to $3.58 per share on net sales between $245 million and $255 million. Analysts expected earnings of $1.29 per share on net sales of $107.68 million for the quarter.

For fiscal 2024, the company now projects earnings in a range of $4.95 to $6.15 per share and adjusted earnings in a range of $7.45 to $8.76 per share on net sales between $620 million and $670 million. The Street is looking for earnings of $4.51 per share on net sales of $505.52 million for the year.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

टैग: IDCC

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InterDigital To Renew Patent License Agreement With Samsung

InterDigital To Renew Patent License Agreement With Samsung

InterDigital, Inc. (IDCC), a mobile and video technology research and development company, announced Tuesday that it has agreed to renew its patent license agreement with Samsung Electronics (SMSN.L, SSNNF.OB, SSNLF.OB).

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Yen Falls Amid Japan Political Jitters

Yen Falls Amid Japan Political Jitters

The Japanese yen weakened against other major currencies in the Asian session on Monday, amid renewed concerns about Japan's fiscal crisis.

RTTNews | 19 मिनटों पहले

China GDP Growth Softens Less Than Expected

China GDP Growth Softens Less Than Expected

China's economic growth eased less than feared in the third quarter, indicating that the country remains on track to achieve its full year target despite tariff tensions and deepening property market downturn. Gross domestic product expanded 4.8 percent on a yearly basis in the third quarter after rising 5.2 percent a quarter ago, the National Bureau of Statistics reported Monday.

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Commodity Currencies Rise After China Rate Decision

Commodity Currencies Rise After China Rate Decision

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against other major currencies in the Asian session on Monday, following the People's Bank of China's (PBOC) decision to maintain its interest rate stability.

RTTNews | 47 मिनटों पहले

Yen Slides Against Majors

Yen Slides Against Majors

The Japanese yen weakened against other major currencies in the Asian session on Monday.

RTTNews | 1घंटे 41 मिनट पहले

Canadian Dollar Climbs Against Most Majors

Canadian Dollar Climbs Against Most Majors

The Canadian dollar strengthened against most major currencies in the Asian session on Monday.

RTTNews | 1घंटे 46 मिनट पहले

NZ Dollar Advances Against Majors

NZ Dollar Advances Against Majors

The New Zealand dollar strengthened against other major currencies in the Asian session on Monday.

RTTNews | 1घंटे 52 मिनट पहले

Australian Dollar Rises Against Majors

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Monday.

RTTNews | 2घंटे 1 मिनट पहले

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