Tessera Technologies (TSRA) Tops Q1 EPS by 3c

Tessera Technologies (NASDAQ: TSRA) reported Q1 EPS of $0.48, $0.03 better than the analyst estimate of $0.45. Revenue for the quarter came in at $60 million versus the consensus estimate of $57.73 million.

GUIDANCE:

Tessera Technologies sees Q2 2016 EPS of $0.54-$0.56, versus the consensus of $0.53. Tessera Technologies sees Q2 2016 revenue of $64-66 million, versus the consensus of $65.12 million.

“We had an excellent start to 2016, posting impressive first quarter financial results, maintaining highly efficient business operations, and establishing technology development partnerships with several industry leaders,” said Tom Lacey, Tessera’s Chief Executive Officer. “On the new business front, we recently announced license agreements that reflect the quality and breadth of our technology portfolios. Sandia National Labs signed a license agreement for our ZiBond® and Direct Bond Interconnect (DBI®) technologies, which are the most advanced 3D integration technologies available, and today we announced a new Invensas license and development agreement with Advanced Semiconductor Engineering for the commercialization of our Bond Via Array™ (BVA®) technology.

“FotoNation recorded its highest-ever revenue quarter, and has significantly raised the bar for mobile phone image quality through a collaboration with LG on their latest premium smartphone, the LG V10™. More recently, FotoNation expanded its relationship with SocioNext to develop image stabilization solutions for the category now known as ‘on-the-move’ video devices, such as drones, action cameras, and wearables,” added Lacey.

For earnings history and earnings-related data on Tessera Technologies (TSRA) click here.

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