SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Adeia Inc. (ADEA) on Monday reported third-quarter net income of $24.2 million, after reporting a loss in the same period a year earlier.
The San Jose, California-based company said it had net income of 21 cents per share. Earnings, adjusted for one-time gains and costs, were 38 cents per share.
The provider of chip technology for small electronic devices posted revenue of $101.4 million in the period.
Adeia expects full-year revenue in the range of $385 million to $395 million.
Adeia shares have decreased roughly 6% since the beginning of the year. In the final minutes of trading on Monday, shares hit $8.93, a decrease of 20% 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