Xperi Corporation (XPER) Reports Q1 Billings Beats Estimates; Offers Q1 Billings Above Consensus, Affirms FY19 Billings Outlook

Xperi Corporation (NASDAQ: XPER) reported Q1 EPS of $. Revenue for the quarter came in at $104.3 million versus the consensus estimate of $103.83 million.

“We are pleased with our financial results and the progress we made during the quarter on several key initiatives in the automotive, mobile and home markets. Billings were in line with our expectations and operating expenses were lower than forecasted, generating strong financial performance for the quarter,” said Jon Kirchner, chief executive officer of Xperi.

GUIDANCE:

Xperi Corporation sees Q2 2019 revenue of $88-92 million, versus the consensus of $95.43 million.

Xperi Corporation sees FY2019 revenue of $395-415 million, versus the consensus of $403.17 million.

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

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