Adeia: Q4 Earnings Snapshot
SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Adeia Inc. (ADEA) on Tuesday reported fourth-quarter profit of $12.7 million.
The San Jose, California-based company said it had profit of 11 cents per share. Earnings, adjusted for one-time gains and costs, came to 27 cents per share.
The provider of chip technology for small electronic devices posted revenue of $86.9 million in the period.
For the year, the company reported net income of $67.4 million, or 60 cents per share, swinging to a profit in the period. Revenue was reported as $388.8 million.
Adeia expects full-year revenue in the range of $380 million to $420 million.
Adeia shares have declined slightly more than 4% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $11.86, a climb of 12% 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