InterDigital raised its Q4 2024 earnings forecast, leading to a $15.26 surge in its stock price.

InterDigital, a global research and development firm, revised its Q4 2024 earnings guidance to an expected EPS of 5.420-5.700, significantly above the consensus estimate. The company also updated its FY 2024 EPS forecast to 14.690-14.990. Following these announcements, InterDigital's shares rose by $15.26, reaching $165.70. Analysts have upgraded their ratings on the stock, reflecting positive market sentiment.

November 03, 2024
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