Xperi Corporation (NASDAQ:XPER) is set to announce third quarter earning results on Monday 9th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, XPER to report 3Q20 income of $ 0.20 per share.
For the full year, analysts anticipate top line of $ 657.57 million, while looking forward to income of $ 1.86 per share bottom line.
Previous Quarter Performance
Xperi Corporation unfold income for the second quarter of $ 0.57 per share, from the revenue of $ 137.63 million. The quarterly earnings shrunk 16.18 percent while revenues improved 52.04 percent compared with the same quarter last year.
Wall street analysts are predicting, XPER to report 2Q20 income of $ 0.44 per share from revenue of $ 126.97 million. The bottom line results beat street analysts by $ 0.13 or 29.55 percent, at the same time, top line results outshined analysts by $ 10.66 million or 8.40 percent.
Stock Performance
On Friday, shares of Xperi Corporation has traded high as $ 13.60 and has cracked $ 13.13 on the downward trend, reaching $ 13.46 with volume of 452.70 thousand shares.
According to the previous trading day, closing price of $ 13.46, representing a 49.28 % increase from the 52 week low of $ 9.01 and a 37.21 % decrease over the 52 week high of $ 21.42.
The company has a market capital of $ 1.46 billion and is part of the Technology sector and Semiconductor Equipment & Materials industry.
Recent Stock Dividend Announcement
On August 10, 2020, the board of directors authorized quarterly dividend of $ 0.05 per share to holders of record as of the close of business on August 31, 2020, with payment date of September 21, 2020 and ex-dividend date on August 28, 2020.
Conference Call
Xperi Corporation will be hosting a conference call at 5:00 PM eastern time on 9th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.xperi.com
Xperi Corporation, through its subsidiaries, creates, develops, and licenses audio, imaging, semiconductor packaging, and interconnect technologies in the United States, South Korea, Taiwan, Japan, Europe, the Middle East, and internationally. The company operates in two segments, Product Licensing; and Semiconductor and IP Licensing. The Product Licensing segment licenses technologies and intellectual property related to audio, digital radio, and imaging solutions under the DTS, FotoNation, HD Radio, and IMAX Enhanced brands.
