InterDigital (NASDAQ:IDCC) reported its Q1 earnings results on Thursday, May 4, 2023 at 08:30 AM.
Here’s what investors need to know about the announcement.
Earnings
InterDigital beat estimated earnings by 579.03%, reporting an EPS of $4.21 versus an estimate of $0.62.
Revenue was up $101.06 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.35 which was followed by a 0.22% drop in the share price the next day.
Here’s a look at InterDigital’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 0.73 | 0.44 | 0.56 | |
| EPS Actual | 1.08 | 0.74 | 0.95 | 0.58 |
| Revenue Estimate | 109.94M | 108.90M | 122.02M | 97.85M |
| Revenue Actual | 117.06M | 114.76M | 124.66M | 101.32M |
To track all earnings releases for InterDigital visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
