InterDigital Q4 Profit Declines; Issues Q1 Revenue Range

(RTTNews) - InterDigital Inc. (IDCC) posted fourth-quarter net income attributable to the company of $14.5 million or $0.35 per share, compared to $15.5 million or $0.38 per share in the comparable quarter last year.

Total revenues for the latest quarter were $99.68 million, up from $87.88 million in the prior year period.

On average, analysts polled by Thomson Reuters expected the company to earn $0.30 per share on revenues of $81.64 million for the quarter. Analysts' estimates typically exclude spexial items.

Looking ahead to the first quarter, the company expects total revenue to be in the range of $54 million to $59 million. Analysts currently expect revenue of $53.77 million.