Xperi Inc reports results for the quarter ended in March - Earnings Summary

• Xperi Inc XPER reported a quarterly adjusted loss of 5 cents​​ per share for the quarter ended in March, lower than the same quarter last year, when the company reported EPS of 4 cents. The mean expectation of four analysts for the quarter was for a loss of 14 cents per share. Wall Street expected results to range from -20 cents to -9 cents per share.

• Revenue fell 6.3% to $118.84 million from a year ago; analysts expected $122.11 million.

• Xperi Inc's reported EPS for the quarter was a loss of 29 cents​.

• The company reported a quarterly loss of $13.12 million.

• Xperi Inc shares had fallen by 10.0% this quarter and lost 1.5% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 1,711.1% in the last three months.​

• In the last 30 days, there have been no earnings estimate revisions by analysts covering the company.

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy," no "hold" and no "sell" or "strong sell."

• The average consensus recommendation for the software peer group is also "buy"

Wall Street's median 12-month price target for Xperi Inc is $16.50

This summary was machine generated from LSEG data May 9 at 04:26 p.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)