KING OF PRUSSIA, Pa.-InterDigital Communications Corp. said it is increasing its royalty revenue guidance for the fourth quarter.
The company said it now expects to report fourth-quarter revenues from current licensees of between $33.3 million and $33.6 million. Previous forecasts placed royalty revenues for the quarter at more than $30 million.
“We are revising our guidance upward as recently received reports from our licensees indicate that we will record greater-than-expected royalty revenue during the fourth quarter,” said Richard Fagan, chief financial officer at InterDigital. “This increase reflects solid sales of both 2G and 3G products by key licensees.”
