Xperi Corporation (XPER) Reports Q4 Revenues Miss; Offers Q1 & FY19 Revenue Guidance

Xperi Corporation (NASDAQ: XPER) reported Q4 revenue for the quarter came in at $141.8 million versus the consensus estimate of $142.05 million.

“2018 was a good year for Xperi. We continued to deliver on our strategic vision and reached several important milestones within each of our markets. HD Radio penetration reached 52% of new cars sold in North America, we signed a significant partnership with IMAX that will help drive future codec penetration in the home and beyond and we released our 3D Facial Recognition technology that we expect a partner to launch in a new smartphone this quarter. Notably, in December we reached a significant settlement with Samsung in our IP licensing business, and interest in our hybrid bonding technologies continues to grow,” said Jon Kirchner, chief executive officer of Xperi.

GUIDANCE:

Xperi Corporation sees Q1 2019 revenue of $102-106 million, versus the consensus of $97.68 million.

Xperi Corporation sees FY2019 revenue of $395-415 million, versus the consensus of $398.2 million.

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

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