InterDigital Announces Financial Results for Second Quarter 2018
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InterDigital (IDCC) Tops Q2 EPS by 11c, Revenues Beat
August 2, 2018 8:37 AM EDTInterDigital (NASDAQ: IDCC) reported Q2 EPS of $0.30, $0.11 better than the analyst estimate of $0.19. Revenue for the quarter came in at $67.5 million versus the consensus estimate of $64.4 million.
Second Quarter 2018 Financial Highlights
Second quarter 2018 recurring revenue was $67.5 million, a 5% sequential increase compared to first quarter 2018. Under ASC 605, recurring revenue for second quarter 2018 would have been $88.6 million, compared to $87.9 million in second quarter 2017, primarily driven by new fixed-fee agreements signed during 2018.Second quarter 2018 operating expenses decreased by $1.0 million... More