WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported fourth-quarter profit of $39.1 million.
WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported fourth-quarter profit of $39.1 million.
WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported fourth-quarter profit of $39.1 million.
On a per-share basis, the Wilmington, Delaware-based company said it had net income of $1.41.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.21 per share.
The wireless research and development company posted revenue of $105.5 million in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $104.3 million.
For the year, the company reported profit of $214.1 million, or $7.62 per share. Revenue was reported as $549.6 million.
For the current quarter ending in March, InterDigital expects its per-share earnings to range from $3.02 to $3.58.
The company said it expects revenue in the range of $245 million to $255 million for the fiscal first quarter.
InterDigital expects full-year earnings in the range of $7.45 to $8.76 per share, with revenue ranging from $620 million to $670 million.
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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 IDCC at https://www.zacks.com/ap/IDCC
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