logo
Share SHARE
FONT-SIZE Plus   Neg

InterDigital Q1 Profit Declines

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.

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Tata Steel UK announced that it has reached deal with the trade unions regarding a proposal to close the British Steel Pension Scheme to future accrual. The company also guaranteed investments and employment. The company said it will next week start consultation with its employees regarding the pension scheme closure. Instead, employees would be offered a competitive defined contribution scheme. Philip Morris International Inc. has filed an application with the U.S. Food and Drug Administration to market a new type of cigarette that holds potentially less health risks than conventional cigarettes. The new type of cigarette electronically heats tobacco to produce a vapor without burning it, making it less harmful. Apple Inc. has confirmed that the iPhone 6s battery issue may be larger than thought, as the tech giant said that some customers "outside the affected range of devices" have also reported unexpected shutdowns. The company again stressed that it is not a security issue.
comments powered by Disqus
Follow RTT