Tessera Technologies Inc. (TSRA) announced that its fourth-quarter GAAP net income was $6.36 million, or $0.13 per share, compared to $7.69 million or $0.16 per share in the year ago quarter. The latest quarter results included non-cash charges of $7.5 million for stock-based compensation and $3.3 million for amortization of acquired intangibles.
Non-GAAP net income for the fourth quarter was $16.01 million or $0.31 per share, compared to $16.02 million or $0.33 per share in the year ago quarter.
Total revenues were $56.47 million, compared to $69.13 million in the year ago quarter.
Analysts polled by Thomson Reuters expected the company to report earnings of $0.13 per share on revenues of $55.99 million for the quarter. Analysts' estimates typically exclude special items.
First quarter 2010 total revenues are expected to range between $58.0 million and $61.0 million. This compares to the company's previous guidance of between $59.0 million and $61.0 million. The new guidance is due the company's assessment of recent public announcements from certain of the company's licensees. Analysts expect the company to report revenues of $60.07 million for the quarter.
First quarter 2010 Micro-electronics revenue is expected to range between $50.0 million and $53.0 million, all of which will be royalty and license related. This compares to the company's previous guidance of between $51.0 million and $53.0 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.