InterDigital expects up to $54M in Q2

InterDigital Communications Corp. outlined its revenue expectations, but investors seemed unimpressed.
The company said it expects second-quarter revenues to range from $52.5 million to $54 million, including between $52 million and $53 million in recurring patent licensing revenue and between $500,000 and $1 million for technology solution agreement revenues.
Analysts polled by Thomson Financial predicted the company would report revenue of $50.3 million during the quarter.
The firm’s stock remained relatively unchanged on the news at around $31.94 per share.