InterDigital Inc (IDCC): Here's a blip from Fidelity News tha...

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WayHaw

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Thursday, 02/22/2018 4:34:20 PM

Thursday, February 22, 2018 4:34:20 PM

Here's a blip from Fidelity News that may offer some explanation of today's drop.

InterDigital Posts Mixed Q4 Results, Sets Q1 Revenue Guidance Below Expectations
BY MT Newswires
— 1:47 PM ET 02/22/2018
01:47 PM EST, 02/22/2018 (MT Newswires) -- InterDigital (IDCC) shares are down 7% after the company reported mixed Q4 results that included a 25% drop in revenue as a result of falling reyalty receipts.

For Q4, the company earned a profit of $1.48 per share, down sharply from $3.85 last year and below the Capital IQ consensus estimate of $2.54 per share.

Total revenue declined to $205.3 million from $273.9 million a year ago but above the Capital IQ consensus estimate of $191.4 million.

For Q1, the company forecasts revenue to be between $66 million and $71 million versus the $75.3 million estimates.

Price: 71.50, Change: -5.10, Percent Change: -6.66