Investing.com - Adeia (NASDAQ: ADEA) reported second quarter EPS of $0.28, $0.05 better than the analyst estimate of $0.23. Revenue for the quarter came in at $87.4M versus the consensus estimate of $84.25M.
Guidance
Adeia sees FY 2024 revenue of $380.00M-$420.00M versus the analyst consensus of $400.30M.
Adeia's stock price closed at $9.80. It is down -12.89% in the last 3 months and down -16.10% in the last 12 months.
Adeia saw 0 positive EPS revisions and 1 negative EPS revisions in the last 90 days. See Adeia's stock price’s past reactions to earnings here.
According to InvestingPro, Adeia's Financial Health score is "good performance".
Check out Adeia's recent earnings performance, and Adeia's financials here.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar
Should you invest $2,000 in ADEA right now?
With ADEA making headlines, savvy investors are asking: Is it truly valued fairly? In a market full of overpriced darlings, identifying true value can be challenging. InvestingPro's advanced AI algorithms have analyzed ADEA alongside thousands of other stocks to uncover hidden gems. These undervalued stocks, potentially including ADEA, could offer substantial returns as the market corrects. In 2024 alone, our AI identified several undervalued stocks that later surged by 30 or more. Is ADEA poised for similar growth? Don't miss the opportunity to find out.
Reveal Undervalued Stocks Now