Xperi Inc reports results for the quarter ended June 30 - Earnings Summary

• Xperi Inc XPER.N reported quarterly adjusted earnings of 11 cents​​ per share for the quarter ended June 30, lower than the same quarter last year, when the company reported EPS of 12 cents. The mean expectation of four analysts for the quarter was for earnings of 9 cents per share. Wall Street expected results to range from zero cents to 17 cents per share.

• Revenue fell 11.4% to $105.93 million from a year ago; analysts expected $113.33 million.

• Xperi Inc's reported EPS for the quarter was a loss of 32 cents​.

• The company reported a quarterly loss of $14.78 million.

• Xperi Inc shares had fallen by 27.6% this quarter and lost 44.2% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 33.3% in the last three months.​

• In the last 30 days, one analyst negatively revised an earnings estimate

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 $13.50, about 57.9% above its last closing price of $5.69

This summary was machine generated from LSEG data August 6 at 09:02 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)