India, March 6 -- InterDigital, Inc. (IDCC), Thursday announced a new multi-year, worldwide, non-exclusive, royalty bearing smartphone license agreement with a major Chinese vendor.
Following this deal, the company updated its financial outlook for the first quarter of 2025.
The company now sees revenue of $202 to $206 million for the quarter compared to the previously estimated $112 to $116 million.
InterDigital projects earnings of $2.78 to $2.99 per share instead of previously estimated $0.58 to $0.79 per share, and adjusted earnings of $3.66 to $3.90 a share compared to previously expected $1.19 to $1.42 a share.
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Analysts, on average, estimate earn...