InterDigital Guides Q2 Revs Above Estimates, Authorizes $100 Mln Stock Buyback; Shares Up 5% 05/04 01:52 PM

01:52 PM EDT, 05/04/2012 (MidnightTrader) -- InterDigital (IDCC) sees Q2 revenue of $71 mln. This includes contributions from per unit and fixed license royalties as well as from technology solutions and solid revenue from a sale of four patent families.

Analysts polled by Thomson Reuters are expecting Q2 revenues of $66.24 mln.

The company also commenced a new $100 million stock repurchase program. It recently completed its share repurchase program under the prior $100 million authorization.

Shares are up 4.84% to $27.58, with a 52-week range of $25.50 - $82.50.

Price: 27.53, Change: +1.27, Percent Change: +4.84