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Adeia: Q1 Earnings Snapshot

SAN JOSE, Calif. (AP) — SAN JOSE, Calif. (AP) — Adeia Inc. (ADEA) on Monday reported first-quarter net income of $22.8 million.

On a per-share basis, the San Jose, California-based company said it had profit of 20 cents. Earnings, adjusted for one-time gains and costs, came to 38 cents per share.

The provider of chip technology for small electronic devices posted revenue of $104.8 million in the period.

Adeia expects full-year revenue in the range of $395 million to $435 million.

Adeia shares have increased 94% since the beginning of the year. In the final minutes of trading on Monday, shares hit $33.50, more than doubling 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

One Tech Tip: What to know about flying with lithium ion portable battery chargers

Jetting off soon for summer travels? If you're planning on bringing an extra battery charger for your phone or other devices, be aware of the latest rules when taking one on a flight. Rechargeable lithium-ion portable battery chargers, also known as power banks, come in protective enclosures of various shapes and sizes. They're a handy and popular way for getting more juice when you're on the move. But after a spate of smoke or fire incidents, U.S. and international aviation authorities have issued new guidelines and airlines have tightened up rules for passengers. Here's a guide on flying with power banks.
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