InterDigital forecasts 4th-quarter revenue slightly below Wall Street expectations
By APTuesday, November 17, 2009
InterDigital sees 4Q sales slightly below views
KING OF PRUSSIA, Pa. — Wireless technology developer InterDigital Inc. said Tuesday it expects fourth-quarter revenue between $75 million and $76 million, which falls slightly below Wall Street’s expectations.
Analysts polled by Thomson Reuters are expecting, on average, sales of $77.5 million.
The outlook “reflects some weakness” in royalties from the company’s Japanese licensees, offset by a full quarter’s contribution from its new licensee, Pantech, and solid sales by its smart phone licensees, the company said.
Shares fell 33 cents to close at $23.43.
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