WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported second-quarter earnings of $180.6 million.
The Wilmington, Delaware-based company said it had profit of $5.35 per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $6.52 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $3.36 per share.
The wireless research and development company posted revenue of $300.6 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $192.6 million.
For the current quarter ending in September, InterDigital expects its per-share earnings to range from $1.52 to $1.72.
The company said it expects revenue in the range of $136 million to $140 million for the fiscal third quarter.
InterDigital expects full-year earnings in the range of $14.17 to $14.77 per share, with revenue ranging from $790 million to $850 million.
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