InterDigital Inc (IDCC)

[la-tsla-fan]

Felix, I base my comment on the following paragraph in IDCC's earnings release:

"Net income was $33.8 million, or $0.93 per diluted share, compared to $28.1 million, or $0.79 per diluted share, in first quarter 2016. This increase was driven by a discrete first quarter 2017 tax benefit associated with vesting of stock-based compensation."

Note that with a historic tax rate of about 35%, net income would be as follows (all numbers in million $ except eps)

Revenues 94.5
Expenses 60.6
Gross revenue 33.9
Net revenue 22.0
eps = 22/33.8 * .93 = $0.61

LA