InterDigital (IDCC) Prelim. Q3 Revs Top Expectations

InterDigital (NASDAQ: IDCC) announced that it expects its total third quarter 2014 revenue to be between $74 million and $76 million.

*** The Street sees revs of $70.9 million.

"We expect total revenue for third quarter 2014 to be in the range of $74 million to $76 million, with recurring revenues contributing $70 million to $72 million," noted Richard J. Brezski, Chief Financial Officer, InterDigital. "Our third quarter revenue guidance does not include any contribution from the arbitration award we received last quarter related to our agreement with Arima. We will recognize any revenue related to the Arima arbitration award when all criteria for revenue recognition have been met."

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 other arbitration or dispute resolutions that may occur, during the balance of third quarter 2014.

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