Tessera Technologies Inc. (TSRA) reported second-quarter net income of $14.98 million or $0.30 per share, compared to net income of $11.83 million or $0.24 per share in the same quarter last year.
On a non-GAAP basis, net income was $23.2 million or $0.45 per share, compared to non-GAAP net income of $18.3 million or $0.37 per share in the prior year quarter.
On average, six analysts polled by Thomson Reuters expected the company to earn $0.25 per share for the quarter. Analysts' estimates typically exclude special items.
Total revenues declined to $74.57 million from $62.27 million in the year-ago period. 4 analysts expected the company to report revenue of $74.55 million for the quarter.
Looking ahead to the third quarter, the company expects to report total revenues in the range of $79.0 million - $82.0 million. Analysts currently anticipate the company to report revenue of $81.35 million for the quarter.
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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.