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

RTTNews | 612 dagar sedan
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

read more
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).
RTTNews | 1020 dagar sedan
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japanese stock market on Friday ended the two-day winning streak in which it had rallied more than 1,425 points or 2.8 percent. The Nikkei 225 now sits just above the 47,580-point plateau although it may bounce higher again on Monday.
RTTNews | 23 minuter sedan
Win Streak May Continue For South Korea Shares

Win Streak May Continue For South Korea Shares

The South Korea stock market has tracked higher in three straight sessions, accelerating almost 190 points or 5 percent in that span. Now at another fresh record closing high, the KOSPI rests just beneath the 3,750-point plateau and it may add to its winnings again on Monday.
RTTNews | 53 minuter sedan
New Zealand Annual Inflation Climbs 3.0% On Year

New Zealand Annual Inflation Climbs 3.0% On Year

Consumer prices in New Zealand were up 3.0 percent on year in the third quarter of 2025, Statistics New Zealand said on Monday - in line with expectations and up from 2.7 percent in the three months prior.
RTTNews | 1h 3minuter sedan
China Data On Tap For Monday

China Data On Tap For Monday

China is scheduled to release a batch of data on Monday, highlighting an otherwise light day for Asia-Pacific economic activity. On tap are Q3 figures for GDP and September data for industrial production, retail sales, fixed asset investment and unemployment.
RTTNews | 1h 53minuter sedan
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

The Switzerland market ended weak on Friday, in line with markets across Europe, as concerns about the health of U.S. regional banks hurt sentiment and triggered a sell-off in financials stocks across the globe.
RTTNews | 2 dagar sedan