InterDigital, Inc. Provides Earnings Guidance for the Second Quarter of 2024; Reaffirms Earnings Guidance for the Full Year 2024
May 02, 2024 at 08:30 am EDT
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InterDigital, Inc. provided earnings guidance for the second quarter of 2024. For the quarter, the company expected revenue to be in the range of $93 million to $97 million, Diluted earnings per share to be $0.20 to $0.30.
The company reaffirmed earnings guidance for the full year 2024. For the year, the company reaffirmed revenue to be in the range of $620 million to $670 million, Diluted earnings per share to be $4.95 to $6.15.
InterDigital, Inc. is a global research and development company focused primarily on wireless, video, artificial intelligence (AI), and related technologies. It designs and develops foundational technologies that enable connected, immersive experiences in a range of communications and entertainment products and services. The Company license its innovations worldwide to companies providing such products and services, including makers of wireless communications devices, consumer electronics, IoT devices, cars and other motor vehicles and providers of cloud-based services such as video streaming. It focuses on wireless technology, which is used in wireless products and networks, from the earliest digital cellular systems to 5G and advanced Wi-Fi technologies. The Company also focuses on video processing and video encoding/decoding technology, with a significant AI research effort that intersects with both wireless and video technologies.
INTERDIGITAL, INC. 
