WiLAN Q3 Profit Declines

(RTTNews) - WiLAN Inc. (WILN, WIN.TO) Thursday reported a decline in third quarter earnings to $657 million or $0.01 per share from $839 million or $0.01 per share a year ago.

On average, 3 analysts polled by Thomson Reuters expected the company to earn $0.09 per share. Analysts estimates usually exclude special items.

Revenue for the quarter decreased to $16.57 million from $21.44 million in the previous year. Wall Street expected $21.25 million.

The company said its board has declared an eligible quarterly dividend of C$0.0125 to be paid on January 4, 2017, to shareholders of record on December 15, 2016.