InterDigital (IDCC) Approves $100M Buyback; Sees Q2 Sales Above Street Views
Tweet
Share
E-mailGet Alerts IDCC Hot Sheet
Join SI Premium – FREE
InterDigital, Inc. (NASDAQ: IDCC) today announced that its board of directors has authorized a new $100 million stock repurchase program. The company recently completed its share repurchase program under the prior $100 million authorization.
In addition, the company issued financial guidance for second quarter 2012. InterDigital expects second quarter 2012 revenue to be approximately $71 million. The Street is currently looking for sales of $66 million.
In addition, the company issued financial guidance for second quarter 2012. InterDigital expects second quarter 2012 revenue to be approximately $71 million. The Street is currently looking for sales of $66 million.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- Reitar Logtech launches $3M share repurchase program
- James Hardie sells Fermacell unit to Holcim for €840 million
- Swiss Water gets TSX nod to buy back up to 650,000 shares
Create E-mail Alert Related Categories
Guidance, Hot Guidance, Stock BuybacksRelated Entities
Stock BuybackSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!
