InterDigital, Inc. (IDCC) Thursday reported first-quarter loss of $12.3 million or $0.30 per share, compared to profit of $10.9 million or $0.24 per share in the same period last year.
On average, four analysts polled by Thomson Reuters expected the company to report a loss of $0.20 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues totaled $47.4 million, down from $69.3 million last year. Analysts expected revenues of $46.20 million.
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