BUZZ-InterDigital rises on higher-than-expected annual forecasts

Shares of InterDigital IDCC.O up 7.2% at $196

Expect FY25 revenue between $660 million - $760 million, above analysts' average estimate of $533.0 million, according to data compiled by LSEG

Also expects FY25 adj. profit of $9.69 - $12.92 per share vs. analysts' average estimate of $4.67 per share

Sees Q1 revenue of $112 million - $116 million vs. analysts' average estimate of $130.5 million

Expects Q1 adj. profit of $1.19 - $1.42 per share vs. analysts' average estimate of $1.17 per share

Co reports Q4 revenue of $252.8 million, above analysts' average estimate of $244.2 million

Shares rose ~78.5% in 2024