Xperi Corporation (XPER) Reports Q1 Loss of $0.67, Miss on Revenues

Xperi Corporation (NASDAQ: XPER) reported Q1 EPS of ($0.67), versus $0.53 reported last year. Revenue for the quarter came in at $65.53 million versus the consensus estimate of $101 million.

“We are very pleased to report strong first quarter results,” said Jon Kirchner, chief executive officer of Xperi. “Billings exceeded the high end of our guidance range, mainly driven by increasing penetration of our solutions in the home and automotive markets. We remain confident about our long-term business prospects and bought back 645,000 shares during the quarter.”

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

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