InterDigital (NASDAQ: IDCC) reported Q4 EPS of $0.36, $0.05 better than the analyst estimate of $0.31. Revenue for the quarter came in at $86.1 million versus the consensus estimate of $85.9 million.

Near-Term Outlook

"We expect that sales volumes of our per-unit licensees in fourth quarter 2014 will drive our first quarter 2015 total revenue to a range of between $107 million and $110 million, comprised entirely of recurring revenue," said Richard J. Brezski, Chief Financial Officer. "This expected sequential quarterly increase is based on the same set of licensees and is driven, in part, by second half 2014 product introductions that saw tremendous market success but also introduce a cyclical element to our first quarter guidance. Consistent with our practice, this revenue guidance is based 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 first quarter 2015."

*** The Street sees Q1 revs of $91.3 million.

For earnings history and earnings-related data on InterDigital (IDCC) click here.