InterDigital: Q1 Earnings Snapshot
By AP News
Published - May 04, 2023, 08:49 AM ET
Last Updated - Jun 21, 2023, 10:52 PM EDT
WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported first-quarter earnings of $105.3 million.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of $3.58. Earnings, adjusted for costs related to mergers and acquisitions and stock option expense, were $4.21 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 62 cents per share.
The wireless research and development company posted revenue of $202.4 million in the period, also topping Street forecasts. Three analysts surveyed by Zacks expected $97.4 million.
