InterDigital (IDCC) Tops Q2 EPS by 11c, Revenues Beat
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InterDigital Announces Financial Results for Second Quarter 2018
August 2, 2018 8:30 AM EDTWILMINGTON, Del., Aug. 02, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the second quarter ended June 30, 2018.
Effective January 1, 2018, the company adopted a new revenue recognition standard ("ASC 606"), which impacted the companys recognition of revenue from certain of its fixed-fee and per-unit license agreements. The company adopted ASC 606 using the modified retrospective method, which means that the total amount of revenue reported for second quarter 2017 has not been restated in the current financial statements. In the interest of comparability during the... More
