Tessera Holding Corporation (XPER) Releases Earnings Results, Misses Expectations By $0.06 EPS
Tessera Holding Corporation (NASDAQ:XPER) announced its quarterly earnings results on Thursday. The semiconductor company reported $0.30 EPS for the quarter, missing the Zacks’ consensus estimate of $0.36 by ($0.06), Bloomberg Earnings reports. The business had revenue of $88.50 million for the quarter, compared to analysts’ expectations of $94.20 million. Tessera Holding Corporation had a negative net margin of 12.22% and a positive return on equity of 11.06%. The business’s quarterly revenue was up 41.8% on a year-over-year basis. Tessera Holding Corporation updated its Q4 guidance to $0.29-0.78 EPS.
Separately, Zacks Investment Research cut shares of Tessera Holding Corporation from a “hold” rating to a “strong sell” rating in a research note on Tuesday, August 1st.
About Tessera Holding Corporation
Tessera Holding Corporation is a product and technology licensing company. The Company’s technologies and intellectual property are deployed, in areas, such as audio, computational imaging, computer vision, mobile computing and communications, memory, data storage, three dimensional (3D) semiconductor interconnect and packaging.
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