Tessera Technologies (TSRA) reported third quarter EPS of $0.37 after the bell Thursday, which exceeded the consensus estimate of $0.21. Revenues came in at $66.1 million, compared to the $63.5 million reported last year. The company expects to report fourth quarter revenues of $60 million to $62 million. The stock is now down 3.76 on 38K shares.
Tessera Technologies gapped up Thursday and climbed during the first hour of trade. Shares rose further in the final 90 minutes of the afternoon and closed up by 1.58 at $26.86. The stock rebounded off of support, following over a one-week decline.
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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.