InterDigital, Inc. (NASDAQ:IDCC) is reporting third quarter earnings results on Thursday 5th November 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.13 per share from $ 85.49 million in revenue.
For the full year, analysts predict revenues of $ 353.33 million, while looking forward to income of $ 1.05 per share.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 83.00 million ~ $ 88.00 million
Click Here For More Historical Outlooks Of InterDigital, Inc.
Previous Quarter Performance
InterDigital, Inc. recorded income for the second quarter of $ 0.72 per share, from the revenue of $ 104.50 million. The quarterly earnings developed 700.00 percent while revenues gained 38.21 percent compared with the same quarter last year.
The consensus estimates are income of $ 0.64 per share from $ 99.34 million in revenue. The bottom line results beat street analysts by $ 0.08 or 12.50 percent, at the same time, top line results outshined analysts by $ 5.16 million or 5.19 percent.
Stock Performance
Shares of InterDigital, Inc. traded low $ -0.37 or -0.66 percent on Wednesday, reaching $ 55.40 with volume of 260.50 thousand shares. InterDigital, Inc. has traded high as $ 56.29 and has cracked $ 54.75 on the downward trend
The closing price of $ 55.40, representing a 79.67 % increase from the 52 week low of $ 31.04 and a 16.84 % decrease over the 52 week high of $ 67.06.
The company has a market capital of $ 1.71 billion and is part of the Communication Services sector and Telecom Services industry.
Conference Call
InterDigital, Inc. will be hosting a conference call at 10:00 AM eastern time on 5th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.interdigital.com
InterDigital, Inc. designs and develops technologies that enable and enhance wireless communications in the United States and internationally. It provides technology solutions for use in digital cellular and wireless products and networks, including 2G, 3G, 4G and IEEE 802-related products and networks.
