Oct. 30 at 5:53 PM
$IDCC beats Q3 estimates with soaring smartphone revenues and advancing AI applications! 📈
- GAAP net income surged to
$67.5M (
$1.93/share) from
$34.2M, non-GAAP hit
$2.55/share, topping the
$1.79 estimate.
- Revenues climbed to
$164.7M, fueled by a robust Samsung license deal and a 56% YoY increase in smartphone revenues.
Discover why IDCC is sporting a Zacks Rank #1 (Strong Buy) here 👉 https://www.zacks.com/stock/news/2781906/idcc-q3-earnings-beat-estimates-revenues-surge-yy?cid=sm-stocktwits-2-2781906-body-18637&ADID=SYND_STOCKTWITS_TWEET_2_2781906_BODY_18637