InterDigital Inc. (IDCC) announced a profit for its first quarter that increased from the same period last year
The company's bottom line came in at $115.6 million, or $3.45 per share. This compares with $81.7 million, or $2.88 per share, last year.
Excluding items, InterDigital Inc. reported adjusted earnings of $125.7 million or $4.21 per share for the period.
The company's revenue for the period fell 20.1% to $210.5 million from $263.5 million last year.
InterDigital Inc. earnings at a glance (GAAP) :
-Earnings: $115.6 Mln. vs. $81.7 Mln. last year.
-EPS: $3.45 vs. $2.88 last year.
-Revenue: $210.5 Mln vs. $263.5 Mln last year.
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