Xperi (XPER) PT Lowered to $20 at RBC Capital
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Xperi Corporation Announces Third Quarter 2018 Results
November 7, 2018 4:05 PM ESTSAN JOSE, Calif.--(BUSINESS WIRE)-- Xperi Corporation (Nasdaq: XPER) (the Company or we) today announced financial results for the third quarter ended September 30, 2018.
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... More
