InterDigital raises Q1 EPS to $3.66 -$3.90 from $1.19-$1.42, consensus $1.45

Raises Q1 revenue view to $202M-$206M from $112M-$116M, consensus $146.84M. “We continue to execute according to our growth strategy and added a major Chinese smartphone vendor as a new customer. We now have seven of the ten largest smartphone vendors and almost 80% of the entire global smartphone market under license,” commented CEO Liren Chen. “As a result, we have increased our outlook for the first quarter. Our revised first quarter outlook includes an increase of annualized recurring revenue by $40 million to approximately $500 million. This new agreement is a further demonstration of the value of our technology and the increasing momentum of our business.”