Wireless technologies company InterDigital Inc. (IDCC) posted a lower profit in the first-quarter due to lower revenue and higher intellectual property enforcement and non-patent litigation costs.
For the first-quarter, net income was $10.9 million or $0.24 per share, down 53 percent from $23.3 million or $0.51 per share last year.
Revenue for the quarter declined 12 percent to $69.31 million from $78.46 million in the prior year period.
On average, four analysts polled by Thomson Reuters expected earnings of $0.31 per share on revenues of $69.67 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.