Data News > InterDigital, Inc. (IDCC) Reports Strong Q2 2024 Earnings and Raises Guidance
- InterDigital (IDCC) reports a top-line expansion year over year, driven by solid catch-up revenues in the smartphone licensing program
- Quarterly earnings of $4.57 per share beat the Zacks Consensus Estimate of $0.74 per share
- InterDigital (IDCC) announces 2024 Investor Day to be held on September 10, 2024, in New York City
- Company delivers Q2 results above expectations and raises FY 2024 guidance
- InterDigital (IDCC) signs license agreement with Panasonic
InterDigital, Inc. (NASDAQ:IDCC) recently held its Q2 2024 Earnings Conference Call on August 1, 2024, reporting a strong performance. The company's top-line showed growth year over year, primarily fueled by robust catch-up revenues in the smartphone licensing program. The quarterly earnings of $4.57 per share surpassed the Zacks Consensus Estimate of $0.74 per share, a significant increase compared to earnings of $1.30 per share a year ago.
In addition to exceeding earnings expectations, InterDigital (IDCC) also announced its 2024 Investor Day scheduled to take place on Tuesday, September 10, 2024, at 9:00 a.m. ET in New York City. The event will be held at the Jay Conference Center Bryant Park, providing stakeholders with insights into the company's future plans and strategies.
Furthermore, the company delivered Q2 results that far exceeded market outlook and achieved an all-time record first half performance. As a result of this strong performance, InterDigital (IDCC) raised its FY 2024 guidance, indicating a positive outlook for the future.
In another significant development, InterDigital, Inc. (IDCC) signed a new license agreement with Panasonic. This agreement underscores the company's continuous efforts in mobile, video, and AI technology research and development, further solidifying its position in the market.
Overall, InterDigital (IDCC) has showcased a robust performance in Q2 2024, exceeding earnings and revenue estimates. With the upcoming Investor Day and positive FY 2024 guidance, the company seems well-positioned for continued growth and success in the competitive technology sector.
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InterDigital, Inc. (IDCC) Reports Strong Q2 2024 Earnings and Raises Guidance
By KlickAnalytics Data Insights | August 1, 2024 08:08PM ET
Key Points
- InterDigital (IDCC) reports a top-line expansion year over year, driven by solid catch-up revenues in the smartphone licensing program
- Quarterly earnings of $4.57 per share beat the Zacks Consensus Estimate of $0.74 per share
- InterDigital (IDCC) announces 2024 Investor Day to be held on September 10, 2024, in New York City
- Company delivers Q2 results above expectations and raises FY 2024 guidance
- InterDigital (IDCC) signs license agreement with Panasonic
InterDigital, Inc. (NASDAQ:IDCC) recently held its Q2 2024 Earnings Conference Call on August 1, 2024, reporting a strong performance. The company's top-line showed growth year over year, primarily fueled by robust catch-up revenues in the smartphone licensing program. The quarterly earnings of $4.57 per share surpassed the Zacks Consensus Estimate of $0.74 per share, a significant increase compared to earnings of $1.30 per share a year ago.
In addition to exceeding earnings expectations, InterDigital (IDCC) also announced its 2024 Investor Day scheduled to take place on Tuesday, September 10, 2024, at 9:00 a.m. ET in New York City. The event will be held at the Jay Conference Center Bryant Park, providing stakeholders with insights into the company's future plans and strategies.
Furthermore, the company delivered Q2 results that far exceeded market outlook and achieved an all-time record first half performance. As a result of this strong performance, InterDigital (IDCC) raised its FY 2024 guidance, indicating a positive outlook for the future.
In another significant development, InterDigital, Inc. (IDCC) signed a new license agreement with Panasonic. This agreement underscores the company's continuous efforts in mobile, video, and AI technology research and development, further solidifying its position in the market.
Overall, InterDigital (IDCC) has showcased a robust performance in Q2 2024, exceeding earnings and revenue estimates. With the upcoming Investor Day and positive FY 2024 guidance, the company seems well-positioned for continued growth and success in the competitive technology sector.
For more information:
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