WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported profit of $115.6 million in its first quarter.
On a per-share basis, the Wilmington, Delaware-based company said it had profit of $3.45. Earnings, adjusted for one-time gains and costs, came to $4.21 per share.
The wireless research and development company posted revenue of $210.5 million in the period.
For the current quarter ending in June, InterDigital expects its per-share earnings to range from $1.90 to $2.11.
The company said it expects revenue in the range of $165 million to $170 million for the fiscal second quarter.
InterDigital expects full-year earnings in the range of $6.79 to $9.67 per share, with revenue ranging from $660 million to $760 million.
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