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InterDigital: Q3 Earnings Snapshot
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WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported profit of $80.2 million in its third quarter.

On a per-share basis, the Wilmington, Delaware-based company said it had net income of $2.34. Earnings, adjusted for one-time gains and costs, were $3.11 per share.

The wireless research and development company posted revenue of $193.4 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $156.9 million.

For the current quarter ending in December, InterDigital expects its per-share earnings to range from $1.72 to $1.98.

The company said it expects revenue in the range of $154 million to $160 million for the fiscal fourth quarter.

InterDigital expects full-year earnings in the range of $11.99 to $12.25 per share, with revenue ranging from $813 million to $819 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDCC at https://www.zacks.com/ap/IDCC

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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