InterDigital reports Q3 EPS $2.55, consensus $2.05

Reports Q3 revenue $164.7M, consensus $153.35M. “This was another outstanding quarter for InterDigital (IDCC) with annualized recurring revenue1 up 49% year-over-year to an all-time high of $588 million, and net income and diluted EPS up 97% and 69% respectively,” commented InterDigital President and CEO, Liren Chen. “Among numerous business highlights, we completed the Samsung smartphone arbitration, closed four new license agreements, appointed a new chief licensing officer, once again demonstrated our leadership in key technology standards, and deepened our AI expertise.”