InterDigital (IDCC) Guides Q4 Revenue Below Views

InterDigital, Inc. (Nasdaq: IDCC) announced that it expects its total fourth quarter 2016 revenue to be between $95 million and $99 million. This range is made up entirely of recurring revenue.

The Street sees Q4 revenue of $99.6 million.

This revenue guidance is based primarily on royalty reports received to date, and does not include the potential impact of any new patent license, technology solutions or patent sale agreements that may be signed, or any arbitration or dispute resolutions that may occur, during the balance of fourth quarter 2016.

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