Tessera Tech (TSRA) Raises 2Q’10 Revenue Guidance

Shares of Tessera Technologies (TSRA) are trading higher after the company which licenses miniaturization technology for electronic devices issued upside guidance for Q2, saying income from royalties has been higher than expected.

For the quarter, the company now projects revenue between $74 million and $75 million (prior $67.0 – $70.0 mln). Analysts surveyed by Thomson Reuters  (TRI) had forecast $68.6 million, on average. San Jose-based Tessera said the boost is due primarily to better than anticipated royalties from its micro-electronics customers and increased sales of its micro-optics products of $65 million to $65.5 million, up from a previously expected $58.5 million to $60.5 million. Imaging and optics revenue is expected to range between $9 million and $9.5 million while imaging & Optics license fees and royalties are expected to range between $3.25 million and $3.5 million.

TSRA today is up $2.04, or 12.09%, to $18.91.

Jasper - The Real Deal!

Risk Our Money Not Yours | Get 80% Off Any Account!

Disclaimer: This page contains affiliate links. If you choose to make a purchase after clicking a link, we may receive a commission at no additional cost to you. Thank you for your support!

Be the first to comment

Leave a Reply

Your email address will not be published.


*

This site uses Akismet to reduce spam. Learn how your comment data is processed.