InterDigital (IDCC) Reports Q4 EPS of 5c

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Go back to InterDigital (IDCC) Reports Q4 EPS of 5c

InterDigital Reports Fourth Quarter and Full Year 2018 Financial Results

February 21, 2019 8:30 AM EST

WILMINGTON, Del., Feb. 21, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile technology research and development company, today announced results for the fourth quarter and full year ended December 31, 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 2017 has not been restated in the current financial statements.  In the interest of comparability during... More