InterDigital (IDCC) Guides Q3 Recurring Revenue Above Views
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InterDigital Issues Revenue Guidance for Third Quarter 2016
September 8, 2016 8:30 AM EDTWILMINGTON, Del., Sept. 08, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced that it expects its total third quarter 2016 revenue to be between $200 million and $225 million.
We expect third quarter recurring revenues to be in the range of $80 million to $85 million and past sales to be between roughly $120 million and $140 million, noted Richard J. Brezski, Chief Financial Officer, InterDigital. This revenue guidance reflects sequentially lower per-unit royalties from certain Taiwanese licensees driven by the timing of anticipated new product introductions, offset... More
