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Adeia: Q3 Earnings Snapshot
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SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Adeia Inc. (ADEA) on Monday reported third-quarter earnings of $2.3 million.

The San Jose, California-based company said it had net income of 2 cents per share. Earnings, adjusted for amortization costs and stock option expense, came to 21 cents per share.

The provider of chip technology for small electronic devices posted revenue of $80.2 million in the period.

Adeia expects full-year revenue in the range of $375 million to $415 million.

Adeia shares have climbed 20% since the beginning of the year. In the final minutes of trading on Monday, shares hit $20.67, a climb of 21% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ADEA at https://www.zacks.com/ap/ADEA

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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