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 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.