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WILMINGTON, Del. (AP) — WILMINGTON, Del. (AP) — InterDigital Inc. (IDCC) on Thursday reported fourth-quarter earnings of $133.1 million.
The Wilmington, Delaware-based company said it had profit of $4.09 per share. Earnings, adjusted for stock option expense and non-recurring costs, came to $5.15 per share.
The results did not meet Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $5.40 per share.
The wireless research and development company posted revenue of $252.8 million in the period, topping Street forecasts. Four analysts surveyed by Zacks expected $243.7 million.
For the year, the company reported profit of $358.6 million, or $12.07 per share. Revenue was reported as $868.5 million.
For the current quarter ending in March, InterDigital expects its per-share earnings to range from $1.19 to $1.42.
The company said it expects revenue in the range of $112 million to $116 million for the fiscal first quarter.
InterDigital expects full-year earnings in the range of $9.69 to $12.92 per share, with revenue ranging from $660 million to $760 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IDCC at https://www.zacks.com/ap/IDCC