Recap: Adeia Q4 Earnings - Adeia (NASDAQ:ADEA)

Adeia ADEA reported its Q4 earnings results on Tuesday, February 20, 2024 at 04:05 PM.

Here's what investors need to know about the announcement.

Adeia beat estimated earnings by 8.0%, reporting an EPS of $0.27 versus an estimate of $0.25.

Revenue was down $16.42 million from the same period last year.

Last quarter the company beat on EPS by $0.12 which was followed by a 4.94% increase in the share price the next day.

Here's a look at Adeia's past performance:

Quarter	Q3 2023	Q2 2023	Q1 2023	Q4 2022
EPS Estimate	0.26	0.22	0.33	0.30
EPS Actual	0.38	0.26	0.48	0.41
Revenue Estimate	90.81M	84.17M	98.97M	101.51M
Revenue Actual	101.40M	83.22M	117.31M	103.29M

To track all earnings releases for Adeia visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.