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 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.