InterDigital (NASDAQ: IDCC) reported Q3 EPS of $0.34, $0.15 better than the analyst estimate of $0.19. Revenue for the quarter came in at $77.6 million versus the consensus estimate of $70.9 million.

"The third quarter of 2014 was another strong quarter, during which the execution of our strategic plan resulted in increased recurring revenues, stable expenses, and continued reduction in litigation expenses," said William J. Merritt, President and CEO of InterDigital. "We saw a dramatic increase in recurring revenue year over year, our licensee base is large and key licensees continue to perform well, and we are actively working to extend the portion of the market under license. Our jury trial win this week in our patent infringement case with ZTE is certainly a very positive development in that regard."

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