InterDigital (IDCC) Tops Q3 EPS by 49c

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Go back to InterDigital (IDCC) Tops Q3 EPS by 49c

InterDigital Announces Financial Results for Third Quarter 2018

November 1, 2018 8:30 AM EDT

Results driven by strong sequential revenue growth of 11%, modest impact of Technicolor transaction

WILMINGTON, Del., Nov. 01, 2018 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the third quarter ended September 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 third quarter... More