financetom
Business
financetom
/
Business
/
Update: InterDigital Shares Jump After Q4 Results Beat Estimates
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Update: InterDigital Shares Jump After Q4 Results Beat Estimates
Feb 6, 2025 10:18 AM

01:00 PM EST, 02/06/2025 (MT Newswires) -- (Updates with stock price movement in the headline and the first paragraph.)

InterDigital (IDCC) shares jumped nearly 15% in recent Thursday trading after the company reported Q4 results that beat estimates.

The company reported Q4 adjusted earnings of $5.15 per diluted share, up from $1.41 a year earlier.

Analysts polled by FactSet expected $4.98.

Revenue for the quarter ended Dec. 31 was $252.8 million compared with $105.5 million a year earlier.

Analysts surveyed by FactSet expected $244.2 million.

For Q1, the company expects adjusted diluted earnings of $1.19 to $1.42 on revenue of $112 million to $116 million. Analysts surveyed by FactSet expect adjusted earnings of $1.55 per diluted share on revenue of 130.5 million.

The company said it expects 2025 adjusted diluted earnings per share of $9.69 to $12.92. Analysts surveyed by FactSet expect $6.36. The company expects revenue for the year of $660 million to $760 million. Analysts polled by FactSet expect $533 million.

Price: 209.01, Change: +26.51, Percent Change: +14.53

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Once a beacon of stability, Vietnam to name third president in a year
Once a beacon of stability, Vietnam to name third president in a year
Mar 22, 2024
HANOI, March 22 (Reuters) - Communist-ruled Vietnam is seeking its third president in little more than a year after the resignation of Vo Van Thuong, who was only elected last year after the sudden dismissal of his predecessor. With accumulated foreign direct investment higher than its gross domestic product, Vietnam's stability is crucial to multinationals with large operations in the...
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Cathie Wood's ARK Invest scoops up nearly 10,000 Reddit shares in debut
Mar 22, 2024
(Reuters) - Popular investor Cathie Wood's ARK Invest bought nearly 10,000 shares of Reddit ( RDDT ) in the social media platform's strong market debut on Thursday, an email from the asset manager showed. A total of 9,982 shares of the loss-making company was added to ARK Next Generation Internet ETF ( ARKW ) and ARK Fintech Innovation ETF (...
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Hutchmed Begins Registration Stage for Phase 2/3 Trial of Investigational Autoimmune Disorder Drug
Mar 22, 2024
05:04 AM EDT, 03/22/2024 (MT Newswires) -- Hutchmed ( HCM ) said late Thursday it has started the registration stage for a phase 2/3 clinical trial of investigational drug sovleplenib for adult patients with warm antibody autoimmune hemolytic anemia in China. The move follows positive data from the proof-of-concept phase 2 stage of the trial and a consultation with the...
Japan's union group Rengo announces biggest wage hikes on record
Japan's union group Rengo announces biggest wage hikes on record
Mar 22, 2024
TOKYO (Reuters) -Japanese firms have agreed to raise pay by 5.25% this year, the biggest rise under comparable data since 2013, the country's largest union group Rengo confirmed on Friday. The results of the closely-watched wage negotiations are announced in several stages, in which the blue-chip firms are first to wrap up their talks in mid-March. The second announcement on...
Copyright 2023-2026 - www.financetom.com All Rights Reserved