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.
InterDigital expects up to $54M in Q2
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What infra upgrades are needed to handle AI energy spikes?
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants
AI infra brief: Power struggles behind AI growth
The IEA report predicts that AI processing in the U.S. will need more electricity than all heavy industries combined, such as steel, cement and chemicals
Energy demand for AI data centers in the U.S. is expected to grow about 50 gigawatt each year for the coming years, according to Aman Khan, CEO of International Business Consultants