Xperi Inc reports results for the quarter ended March 31 - Earnings Summary

• Xperi Inc XPER.N reported quarterly adjusted earnings of 16 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -5 cents. The mean expectation of four analysts for the quarter was for earnings of 2 cents per share. Wall Street expected results to range from -9 cents to 13 cents per share.

• Revenue fell 4% to $114.03 million from a year ago; analysts expected $113.25 million.

• Xperi Inc's reported EPS for the quarter was a loss of 41 cents​.

• The company reported a quarterly loss of $18.37 million.

• Xperi Inc shares had fallen by 9.1% this quarter and lost 31.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 86.1% 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 $15.50

This summary was machine generated from LSEG data May 7 at 09:52 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)