SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Technology Stocks : Interdigital Communication(IDCC)
IDCC 396.54+9.6%Nov 3 9:30 AM EST
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: barty who wrote (5008)3/9/2009 12:18:07 AM
From: nicmar  Read Replies (1) of 5195
 
By rmarchma re last earnings report.

posted by: rmarchma Date: Sunday, March 08, 2009 1:51:39 PM
In reply to: loophole73 who wrote msg# 252430 Post # of 252528

Loop without $9.4m bonus adjustment, earnings per share would have been 24 cents pro forma for IDCC’s fourth quarter, rather than the actual 9 cents per share, calculated as follows:

Revenues $58.7m actual

Operating Expenses $44.5m adjusted ($53.9m actual -$9.4m catch-up LTCP adjustment)

Operating Income $14.2m adjusted

Interest Income $.6m actual

Income before income tax $14.8m adjusted

Income tax expense $4.3m (at 29% actual rate of 4th quarter, due to special R & D credits in 4th quarter)

Net Income $10.5m adjusted

Diluted Earnings per Share = 24 cents adjusted (based on actual 44.3m weighted average diluted shares)

Without the $9.4m nonrecurring fourth quarter adjustment to the LTCP plan due to the Samsung agreement, IDCC would have had 24 cents of earnings per share, and would have blown-out the consensus 4th quarter estimates of 16 cents EPS. Due to the $9.4m adjustment, IDCC actual results came in way below consensus estimates at 9 cents per share, and the share price got killed IMO.
siliconinvestor.com
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News