InterDigital Third Quarter 2024 Earnings: Beats Expectations

InterDigital (NASDAQ:IDCC) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$128.7m (down 8.2% from 3Q 2023).
• Net income: US$34.2m (down 29% from 3Q 2023).
• Profit margin: 27% (down from 34% in 3Q 2023). The decrease in margin was primarily driven by lower revenue.
• EPS: US$1.36 (down from US$1.82 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

InterDigital Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 34%. Earnings per share (EPS) also surpassed analyst estimates significantly.

Looking ahead, revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Software industry in the US are expected to grow by 12%.

Performance of the American Software industry.

The company's shares are up 2.1% from a week ago.

Risk Analysis

Be aware that InterDigital is showing 2 warning signs in our investment analysis that you should know about...

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