InterDigital (IDCC) Tops Q2 Earnings and Revenue Estimates

InterDigital (IDCC) came out with quarterly earnings of $4.57 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 517.57%. A quarter ago, it was expected that this wireless research and development company would post earnings of $3.37 per share when it actually produced earnings of $3.58, delivering a surprise of 6.23%. Over the ...