Tessera Technologies Inc. (TSRA) reported third-quarter net income of $12.134 million compared to a net loss of $5.357 million last year. Earnings per share was $0.24 compared to a loss of $0.11 last year.
Non-GAAP net incme increased to $19.160 million from $2.337 million last year. Non-GAAP earnings per share increased to $0.37 from $0.05 a year ago.
On average, 7 analysts polled by Thomson Reuters expected the company to report profit of $0.21 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues increased to $66.123 million from $63.501 million last year. Analysts expected revenue of $65.70 million for the quarter.
The company expects fourth-quarter total revenues to range between $60.0 million and $62.0 million.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.