• Adeia Inc ADEA.OQ reported quarterly adjusted earnings of 28 cents​​ per share for the quarter ended September 30, higher than the same quarter last year, when the company reported EPS of 27 cents. The mean expectation of four analysts for the quarter was for earnings of 36 cents per share. Wall Street expected results to range from 35 cents to 37 cents per share.

• Revenue rose 1.4% to $87.34 million from a year ago; analysts expected $100.68 million.

• Adeia Inc's reported EPS for the quarter was 8 cents​.

• The company reported quarterly net income of $8.83 million.

• Adeia Inc shares had risen by 1.4% this quarter and gained 21.9% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had risen by about 8.2% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell." The average consensus recommendation for the it services & consulting peer group is also "buy"

• Wall Street's median 12-month price target for Adeia Inc is $17.50, about 2.6% above its last closing price of $17.04

This summary was machine generated from LSEG data November 3 at 10:02 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)