Plus   Neg

InterDigital Slips To Loss - Quick Facts

Wireless communications company InterDigital Inc. (IDCC) Thursday reported first-quarter net loss of $12 million or $0.30 per share, compared to net income of $11 million or $0.24 per share last year.

Excluding an impairment charge, adjusted loss for the reporting quarter would have been $8.6 million or $0.21 per share.

Revenues for the quarter were $47 million, compared to $69 million a year ago.

Analysts polled by Thomson Reuters estimated loss of $0.20 per share on revenues of $46.20 million for the quarter. Analysts' estimates typically exclude special items.

"The business continues to deliver strong free cash flow, but revenue was affected by the
expiration of the 2009 Samsung patent license agreement, though that roll-off was partially offset by the new license agreement with Sony," said CEO William Merritt.

For comments and feedback contact: editorial@rttnews.com

Business News

Quick Facts

Editors Pick
Malaysia has filed criminal charges against Goldman Sachs and two of the bank's former employees in connection with a corruption and money laundering probe tied to that country's sovereign wealth fund, 1 Malaysia Development Bhd, or 1MDB. Shares of Goldman Sachs are losing more than 2 percent in regular trading on the New York Stock Exchange. Alphabet Inc.'s Google said Monday that it will expand its presence in New York City by investing over $1 billion in capital requirements to establish a new campus known as Google Hudson Square. Google noted that its investment in New York is a huge part of its commitment to grow and invest in U.S. facilities, offices and jobs. Blockchain and artificial intelligence are the fastest-growing job categories, according to a report published by LinkedIn, the networking platform for professionals. Blockchain Developer is topping the list amid the ongoing hype around blockchain and cryptocurrency. As per the Emerging Jobs Report for 2018, the U.S has seen a surge in demand for people with blockchain development skills.
Follow RTT