InterDigital (IDCC) Reports Q4 Earnings: $2.12 PS, Surpasses Analyst Estimates

InterDigital Inc. (IDCC) reported fourth-quarter net income of $43 million, or $1.20 per share, with adjusted earnings of $2.12 per share, surpassing the $1.65 per share average estimate from three analysts at Zacks Investment Research. Revenue for the quarter was $158.2 million, exceeding the $147.1 million forecast. For the full year, the company posted profit of $406.6 million, or $11.80 per share, and revenue of $834 million. For Q1 ending March 31, management expects per-share earnings between $2.39 and $2.68, and revenue between $194 million and $200 million. The full-year guidance is earnings of $8.74 to $11.84 per share and revenue of $675 million to $775 million.