SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Adeia Inc. (ADEA) on Monday reported first-quarter net income of $11.8 million.
The San Jose, California-based company said it had net income of 10 cents per share. Earnings, adjusted for one-time gains and costs, were 26 cents per share.
The provider of chip technology for small electronic devices posted revenue of $87.7 million in the period.
Adeia shares have declined 12% since the beginning of the year. In the final minutes of trading on Monday, shares hit $12.35, a rise of 24% 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
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