InterDigital (IDCC) reported quarterly earnings results on Tuesday, Aug-2-2016. The company said it had a profit of $1.14 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.76. Analysts had a consensus of $0.38. The company posted revenue of $75.92 million in the period, compared to analysts expectations of $76.54 million. The company’s revenue was down -36.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.89 EPS.
InterDigital closed down -0.33 points or -0.56% at $59.05 with 2,58,232 shares getting traded on Friday. Post opening the session at $59.5, the shares hit an intraday low of $58.71 and an intraday high of $59.5 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.
In a different news, on Jun 14, 2016, Robert S Roath (director) sold 800 shares at $58.52 per share price. According to the SEC, on Jun 14, 2016, John A Kritzmacher (director) sold 1,100 shares at $58.52 per share price. On Jun 14, 2016, Jean F Rankin (director) sold 950 shares at $58.36 per share price, according to the Form-4 filing with the securities and exchange commission.
InterDigital Inc. (InterDigital) designs and develops advanced technologies for wireless communications. The Company has designed and developed a range of technologies that are used in digital cellular and wireless products and networks including second generation (2G) third generation (3G) fourth generation (4G) and IEEE 802 related products and networks. The Company is engaged in developing cellular technologies including those related to code division multiple access (CDMA) and time division multiple access (TDMA) and orthogonal frequency division multiplexing/ orthogonal frequency division multiple access (OFDM/OFDMA) and multiple input multiple output (MIMO). The Companys wireless background includes engineering and corporate development activities that focus on solutions that apply to other wireless market segments.