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

RTTNews | 613天前
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 | 1021天前
AWS Recovering After Major Outage Hits Companies, Services Worldwide

AWS Recovering After Major Outage Hits Companies, Services Worldwide

Amazon Web Services, following a major outage in its cloud computing service across the world, especiallly the United States, started recovering early Monday. AWS, tech major Amazon's cloud hosting provider, had went offline due to a problem with one of its core database products, affecting millions as it hit the websites and apps of major companies and critical services...
RTTNews | 1小时40分钟前
Bay Street Likely To Open On Positive Note

Bay Street Likely To Open On Positive Note

Higher U.S. and Canadian futures and rising metal prices point to a positive start on Bay Street Monday morning. The focus will also be on Canadian economic and earnings data.
RTTNews | 2小时45分钟前
European Stocks Broadly Higher; Defense Stocks Move Up

European Stocks Broadly Higher; Defense Stocks Move Up

European stocks are broadly higher on Monday, led by gains in the defense sector, amid geopolitical tensions. Easing concerns about the health of the US banking sector, and expectations of improved trade relations between China and the U.S. contribute to the positive mood in the markets.
RTTNews | 3小时3分钟前
FTSE 100 Modestly Higher; Defence Stocks Shine

FTSE 100 Modestly Higher; Defence Stocks Shine

The UK stock market is modestly higher on Monday, supported by gains in shares of defence and financial companies. In addition to tracking the developments on the geopolitical and trade front, investors are also reacting to some corporate news.
RTTNews | 3小时50分钟前
Sensex, Nifty Close Higher For 4th Straight Session

Sensex, Nifty Close Higher For 4th Straight Session

Indian shares closed higher for a fourth straight session on Monday, as encouraging results from Reliance Industries and several banks helped lift sentiment. Easing concerns about U.S.-China trade tensions contributed as well to the positive show by the market.
RTTNews | 4小时6分钟前
Asian Markets Close Higher

Asian Markets Close Higher

Asian markets finished trading on a strongly positive note on Monday, tracking the Wall Street rally on Friday linked to easing trade tensions between the U.S. and China.
RTTNews | 4小时37分钟前