InterDigital Raises Q4 Guidance, Shares Rise

Shares of InterDigital, Inc. (NASDAQ: IDCC) gained more than 2 percent Monday morning after the company revised its fourth quarter guidance higher.

InterDigital said in a press release it now expects its total fourth quarter 2015 revenue to fall in a range of $107 million to $111 million. The company previously guided its total fourth quarter revenue to be between $89 million and $91 million.

InterDigital noted that the revised guidance includes the impact of a new patent license agreement that the company signed during the quarter and the collection of outstanding payments from a prior technology solutions customer.