Xperi Corporation (XPER) Reports Q3 Revenues Above Estimates; Affirms FY18 Revenue Outlook

Xperi Corporation (NASDAQ: XPER) reported Q3 EPS of $, versus $0.54 reported last year. Revenue for the quarter came in at $100.59 million versus the consensus estimate of $99.12 million.

“During the third quarter, we delivered billings in line with our expectations and managed operating expenses below the low end of our range, resulting in better-than-expected profitability. In product licensing, we announced a significant strategic partnership with IMAX that significantly enhances our content ecosystem supporting growth opportunities in the home and mobile markets,” said Jon Kirchner, chief executive officer of Xperi. “On the Semiconductor and IP licensing side, interest in our hybrid bonding solutions is accelerating and we have now engaged multiple partners in evaluations of our DBI technology for memory applications including stacked DRAM and 3D NAND. We believe this technology is going to be widely deployed by the memory industry over the long term.”

GUIDANCE:

Xperi Corporation sees FY2018 revenue of $415-430 million, versus the consensus of $422.3 million.

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

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