Xperi Corporation (NASDAQ: XPER) reported Q3 EPS of $0.19, $0.01 worse than the analyst estimate of $0.20. Revenue for the quarter came in at $202.8 million versus the consensus estimate of $194.41 million.

Third Quarter 2020 Financial Highlights:

• Revenue of $202.8 million.
• Cash Flow from Operations of $62.2 million.
• Adjusted Free Cash Flow1 of $66.4 million.
• Bought back $35 million of common stock at an average price of $12.39.
• Finished the quarter with $203 million in cash and investments.

“We made significant progress on various strategic initiatives during the quarter and delivered financial results in line with our original second half expectations,” said Jon Kirchner, chief executive officer of Xperi. “We are pleased to have successfully concluded a license with Comcast that further establishes the long term and recurring nature of our licensing programs within the media business. As a result of the license, we are raising our guidance for the second half of our fiscal year and are even more confident about our IP revenue outlook over the long term.”

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