Xperi Corporation (NASDAQ: XPER) reported Q4 revenue for the quarter came in at $126.66 million versus the consensus estimate of $121.85 million.

“Xperi finished 2019 on a strong note, delivering better than expected results for the fourth quarter and generating record operating cash flow for the full year as we remained focused on execution across our business,” said Jon Kirchner, chief executive officer of Xperi. “We recently reached a significant milestone in the development of a new machine learning hardware and software platform, which is now being sampled by prospective customers. We also announced our planned merger with TiVo Corporation, which we believe will unlock significant value for our shareholders. Finally, along with the TiVo integration planning, we continue to make strategic progress on key initiatives in our IP and product businesses and are confident in our long-term growth and value creation prospects.”

GUIDANCE:

Xperi Corporation sees Q1 2020 revenue of $100-104 million, versus the consensus of $92.22 million.

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