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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