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Tessera Technologies Inc. (TSRA) Is Losing Ground On Guidance News

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Tessera Technologies Inc. (TSRA: Quote) announced after the bell Thursday that it expects to report fourth quarter revenues of $50.0 million and $53.0 million. The consensus estimate is for revenues of $73.49 million. The stock is now down 1.11 on 4K shares.

Tessera Technologies was range-bound throughout Thursday's session and closed down by 0.02 at $16.11. The stock finished at the lower end of a 2-week range.

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by RTT Staff Writer

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