Tessera Technologies (TSRA) Q2 Earnings: What's In Store?
Zacks Investment Research | Jul 28, 2016 11:43PM ET
Tessera Technologies Inc. (NASDAQ:TSRA) is set to report second-quarter 2016 results on Aug 2. Last quarter, the company posted a 10.26% positive earnings surprise.
Let’s see how things are shaping up for this announcement.
Factors at Play
Tessera posted encouraging first-quarter results in terms of revenues as well as earnings.
Increased technical collaboration, channelized investment toward potential growth areas and patent licensing agreements are positives. The product portfolio has also been revamped to target the mobile segment, which should help growth.
Tessera continues to witness improvement with FotoNation imaging group that recorded highest ever quarterly revenues last quarter. These developments and Tessera’s premium imaging technology indicate that the business will grow significantly in the mobile and adjacent markets.
The company’s internal R&D efforts, Invensas semiconductor packaging and Ziptronix initiatives continue to make solid progress and are expected to drive growth.
Its recent deal with ASE also has tremendous potential. However, protection of IP, its pricing strategy and customer concentration remain risks.
For the second quarter, Tessera expects revenues in a range of $64 million–$66 million. GAAP earnings per share are expected between 42 cents and 44 cents, and non-GAAP earnings per share within 54-56 cents.
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