InterDigital (IDCC) Q2 Earnings Beat Estimates, Guidance Raised

InterDigital, Inc. (IDCC) reported strong second-quarter 2024 results, beating the top-line and bottom-line estimates and well exceeding its guided range. The company generated higher revenues year over year, driven by solid licensing momentum and product innovation. IDCC is also advancing its leadership position in AI applications for wireless and video technology. Net Income Quarterly net income was $109.66 million or $3.93 per share, up from $21.8 million or 79 cents per share in the year-earlier quarter ...