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InterDigital to demonstrate wireless, video, and AI innovation, research collaboration with Keysight, and expertise on the future of 6G and immersive video
InterDigital (IDCC) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
InterDigital, Inc. (NASDAQ:IDCC ) Q4 2024 Earnings Conference Call February 6, 2025 10:00 AM ET Company Participants Raiford Garrabrant - Head, Investor Relations Liren Chen - President & Chief Executive Officer Rich Brezski - Chief Financial Officer Conference Call Participants Scott Searle - ROTH Capital Partners Arjun Bhatia - William Blair Tal Liani - Bank of America Anja Soderstrom - Sidoti Operator Good day, and thank you for standing by. Welcome to the InterDigital Fourth Quarter 2024 Earnings Conference Call.
IDCC reports solid top-line growth year over year in the fourth quarter, backed by healthy momentum in the consumer electronics market.
The headline numbers for InterDigital (IDCC) give insight into how the company performed in the quarter ended December 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
InterDigital (IDCC) came out with quarterly earnings of $5.15 per share, missing the Zacks Consensus Estimate of $5.40 per share. This compares to earnings of $1.41 per share a year ago.
Strong business performance drove record revenue and EPS in 2024. Increased quarterly dividend by 33% Strong business performance drove record revenue and EPS in 2024. Increased quarterly dividend by 33%
WILMINGTON, Del., Feb. 06, 2025 (GLOBE NEWSWIRE) -- InterDigital, Inc. (Nasdaq: IDCC), a mobile, video and AI technology research and development company, today announced that its Board of Directors has approved an increase in the company's quarterly cash dividend from $0.45 to $0.60 per share.
InterDigital (IDCC) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
With solid demand for advanced networking architecture for increased broadband usage, the Zacks Wireless Equipment industry is likely to witness a healthy growth curve. QCOM, MSI and IDCC are set to thrive despite the near-term challenges.