InterDigital (IDCC) Tops Q1 EPS by 1c; Revenue Beats Views
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InterDigital Announces Financial Results for First Quarter 2016
April 28, 2016 8:32 AM EDTWILMINGTON, Del., April 28, 2016 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the first quarter ended March 31, 2016.
First Quarter 2016 Financial Highlights
First quarter 2016 recurring revenue was $103.6 million, consisting of current patent royalties and current technology solutions revenue, compared to $110.4 million in first quarter 2015. This decrease in recurring revenue was primarily attributable to a slightly lower base of fixed-fee revenue.Total revenue was $107.8 million, compared to $110.4 million in first quarter 2015. First quarter 2016 included $4.2 million of... More