InterDigital (Nasdaq: IDCC ) reported earnings on April 25. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended March 31 (Q1), InterDigital met expectations on revenues and missed expectations on earnings per share.
Compared to the prior-year quarter, revenue shrank significantly. GAAP earnings per share dropped to a loss.
Margins shrank across the board.
InterDigital recorded revenue of $47.4 million. The four analysts polled by S&P Capital IQ predicted a top line of $46.9 million on the same basis. GAAP reported sales were 32% lower than the prior-year quarter's $69.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.30. The four earnings estimates compiled by S&P Capital IQ forecast -$0.20 per share. GAAP EPS were -$0.30 for Q1 compared to $0.24 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 22.1%, much worse than the prior-year quarter. Operating margin was -28.5%, much worse than the prior-year quarter. Net margin was -25.9%, much worse than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $37.8 million. On the bottom line, the average EPS estimate is -$0.20.
Next year's average estimate for revenue is $315.9 million. The average EPS estimate is -$0.82.
The stock has a four-star rating (out of five) at Motley Fool CAPS, with 1,196 members out of 1,242 rating the stock outperform, and 46 members rating it underperform. Among 294 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 284 give InterDigital a green thumbs-up, and 10 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on InterDigital is hold, with an average price target of $46.75.
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