Adeia (NASDAQ:ADEA) reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:05 PM.
Here’s what investors need to know about the announcement.
Earnings
Adeia beat estimated earnings by 8.0%, reporting an EPS of $0.27 versus an estimate of $0.25.
Revenue was down $16.42 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.12 which was followed by a 4.94% increase in the share price the next day.
Here’s a look at Adeia’s past performance:
| Quarter | Q3 2023 | Q2 2023 | Q1 2023 | Q4 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.26 | 0.22 | 0.33 | 0.30 |
| EPS Actual | 0.38 | 0.26 | 0.48 | 0.41 |
| Revenue Estimate | 90.81M | 84.17M | 98.97M | 101.51M |
| Revenue Actual | 101.40M | 83.22M | 117.31M | 103.29M |
To track all earnings releases for Adeia visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
