Adeia Shares Rise After 4Q Earnings Beat

Dow Jones
02-19
 

By Chris Wack

 

Adeia shares were up 26% at $17.04 after the company reported fourth-quarter earnings that beat analysts' expectations.

The intellectual property licensing company said it had quarterly earnings of $36 million, or 32 cents a share, compared with $12.7 million, or 11 cents a share, in the same quarter last year. Analysts polled by FactSet were looking for earnings of $32.4 million, or 28 cents a share.

Revenue for the quarter was $119.2 million, compared with last year's $86.9 million and the $114.2 million analysts were expecting.

The company said it has signed 10 deals during the quarter, with new customers including Amazon and Canon.

For 2025, Adeia is looking for revenue of $390 million to $430 million, while analysts are forecasting 2025 revenue of $401.9 million.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

February 19, 2025 10:23 ET (15:23 GMT)

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