Xperi Corporation (XPER) Tops Q1 EPS by 4c

Xperi Corporation (NASDAQ: XPER) reported Q1 EPS of ($0.07), $0.04 better than the analyst estimate of ($0.11). Revenue for the quarter came in at $67.3 million versus the consensus estimate of $61.97 million.

“Our results for the quarter exceeded the high end of our revenue guidance, driven by strength in our product licensing business and a lower than estimated impact from purchase accounting,” said Tom Lacey, CEO of Xperi. “We made positive progress on the integration of DTS and are on track to deliver our planned cost synergies as the Company continues to execute well across the business. We continue to develop roadmaps focused on the design of future integrated solutions across audio, imaging and semiconductor packaging technologies. Importantly, we are pleased with our progress in the Broadcom litigation and we continue to work on the major customer relicensing negotiation.”

For earnings history and earnings-related data on Xperi Corporation (XPER) click here.

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