InterDigital (IDCC) Tops Q3 EPS by 26c
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InterDigital Announces Financial Results for Third Quarter 2019
October 31, 2019 8:30 AM EDTWILMINGTON, Del., Oct. 31, 2019 (GLOBE NEWSWIRE) -- InterDigital, Inc. (NASDAQ: IDCC), a mobile and video technology research and development company, today announced results for the third quarter ended September 30, 2019.
Third Quarter 2019 Financial Highlights
Third quarter 2019 recurring revenue was $72.1 million, compared to recurring revenue of $75.0 million in third quarter 2018. This decrease was driven by lower royalties from one of our Taiwanese licensees.Third quarter 2019 operating expenses were $68.7 million, compared to $62.2 million in third quarter 2018. The increase was primarily driven by $15.8 million in costs related to the acquisition... More