Wi-LAN Posts Lower Q4 Earnings; Guides Q1 2013 Revenues Below Street View

MidnightTrader

07:10 AM EST, 03/06/2013 (MidnightTrader) -- Wi-LAN Inc. (WILN) generated fourth quarter adjusted earnings of $7 million, or 6 cents per share, down from $17.8 million, or 14 cents per share, in the comparative period. Revenues were $21 million, below consensus estimate of $22 million. Year-ago revenues were $24 million.

For the first quarter 2013 ending March 31, 2013, the company expects revenue to be at least $18.1 million. This compares to the analyst estimate of $23 million.