InterDigital Reports Fourth Quarter and Full Year 2016 Financial Results
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InterDigital Inc. (IDCC) PT Raised to $86 at B. Riley Following 4Q Revenue, EPS Beats
February 24, 2017 7:59 AM ESTB. Riley analyst Eric Wold reiterates Neutral rating and raises price target on InterDigital Inc. (NASDAQ: IDCC) to $86 (from $85.50), noting a marked shift to fixed fee agreements and near-term Hillcrest Labs margin pressure could hold back shares until growth visibility improves, as company reported... More
InterDigital (IDCC) Tops Q4 EPS by 1c
February 23, 2017 8:32 AM ESTInterDigital (NASDAQ: IDCC) reported Q4 EPS of $3.85, $0.01 better than the analyst estimate of $3.84. Revenue for the quarter came in at $273.9 million versus the consensus estimate of $262.57 million.
Fourth Quarter 2016 Financial Highlights
Fourth quarter 2016 total revenue was $273.9 million, compared to $112.1 million in fourth quarter 2015. The $161.8 million increase in total revenue was primarily attributable to a license... More