InterDigital (IDCC) Tops Q3 EPS by 34c

InterDigital (NASDAQ: IDCC) reported Q3 EPS of $1.00, $0.34 better than the analyst estimate of $0.66. Revenue for the quarter came in at $97.3 million versus the consensus estimate of $94.15 million.

“This quarter’s results highlight the tremendous stability of our business, emphasizing our company’s continued efforts to manage for the long term,” said William J. Merritt, President and CEO of InterDigital. “The strong visibility over our revenues and future cash flows, given our high fixed-fee revenue contribution and long-term agreements, put us once again in a position to return value to shareholders with last month's announcement of our third dividend increase in the past four years.”

For earnings history and earnings-related data on InterDigital (IDCC) click here.

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