WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported profit of $116.4 million in its second quarter.
The Wilmington, Delaware-based company said it had profit of $3.40 per share. Earnings, adjusted for one-time gains and costs, were $4.62 per share.
The wireless research and development company posted revenue of $260.2 million in the period, which beat Street forecasts. Three analysts surveyed by Zacks expected $144 million.
For the current quarter ending in September, InterDigital expects its per-share earnings to range from $1.94 to $2.13.
The company said it expects revenue in the range of $154 million to $158 million for the fiscal third quarter.
InterDigital expects full-year earnings in the range of $10.85 to $12.81 per share, with revenue ranging from $775 million to $845 million.
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