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
Senate Republicans released a draft of their version of legislation to repeal and replace Obamacare on Thursday, with a vote on the 142-page bill expected as soon as next week. The bill, called the Better Care Reconciliation Act, repeals Obamacare's individual and employer mandates as well as the... A local cable and broadband provider in Texas has filed a lawsuit against Comcast Corp., alleging that the cable giant and its contractors drove it out of business by severing its business cable lines after it rejected Comcast's buyout offer. The lawsuit was filed last week in Harris County, Texas, court by Anthony Luna, owner of Telecom Cable LLC. John Oliver, the host of HBO's Sunday Show "Last Week Tonight," HBO and Time Warner have been sued by coal baron Robert Murray for mocking him and his coal company on the show's most recent episode. Murray had previously sent the show its first cease-and-desist letter.
comments powered by Disqus
Follow RTT