Tessera Technologies (TSRA) Tops Q2 EPS by 4c; Guides Q3 Below the Street

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Go back to Tessera Technologies (TSRA) Tops Q2 EPS by 4c; Guides Q3 Below the Street

Tessera Technologies Announces Second Quarter 2016 Results

August 2, 2016 4:05 PM EDT

Revenue of $67 million exceeds guidance range

Reiterates full-year 2016 revenue guidance of $255 million to $270 million

SAN JOSE, Calif.--(BUSINESS WIRE)-- Tessera Technologies, Inc. (NASDAQ: TSRA) (the Company or we) today announced financial results for the second quarter ending June 30, 2016. Total revenue for the second quarter of 2016 was $67.0 million, above the Companys guidance range of $64 million to $66 million. GAAP net income for the second quarter of 2016 was $23.5 million, or $0.48 per diluted share, and non-GAAP net income was $30.2 million, or $0.60 per diluted share.

Our strong second... More