08:58 AM EST, 02/23/2017 (MT Newswires) -- InterDigital (IDCC) shares were 5.5% lower in Thursday's pre-market session after the developer of wireless communication technologies reported Q4 financial results and guided Q1 revenues below analyst estimates. Q4 net income was $3.85 per share, up from $0.92 per share in the prior year period. Capital IQ provided a Street estimate of $3.69 per share. Revenues were $273.9 million, up from $112.1 million reported for the same period last year and came in higher than the $262.2 million Street estimate. For Q1, the company expects revenues to range from $91 million to $96 million. The Street consensus calls for revenues of $113.7 million. Price: 99.00, Change: -2.10, Percent Change: -2.08 http://www.mtnewswires.com Copyright © 2017 MTNewswires. All rights reserved. MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.
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