Adeia: Q3 Earnings Snapshot

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