InterDigital Q3 Profit Rises on 17.5% Revenue Growth, Guides Q4 Below Current Quarter

InterDigital Inc. (IDCC) reported third-quarter earnings of $80.22 million, or $2.34 per share, up from $67.50 million, or $1.93 per share, a year earlier. Revenue rose 17.5% to $193.42 million from $164.68 million. Excluding items, adjusted earnings totaled $95.68 million, or $3.11 per share. The company guided fourth-quarter EPS to $1.72–$1.98 on revenue of $154 million to $160 million, below the just-reported quarter. Full-year guidance was set at EPS of $11.99–$12.25 and revenue of $813 million to $819 million.