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Accenture PLC (ACN) - $25 value - yours FREE >>
ABM Industries Incorporated (ABM) - $25 value - yours FREE >>
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Xperi Corporation's (XPER) Q1 Earnings and Billings Grow Y/Y (Revised)
Xperi Corporation (XPER - Free Report) reported adjusted earnings of approximately 61 cents per share in first-quarter 2018, up 27.1% from the year-ago number of roughly 48 cents. Adjusted earnings have been calculated on a billings basis.
Total billings amounted to $104.3 million, up 4.6% year over year. Billings came above the guided range of $99-$104 million.
Other Quarterly Details
Non-GAAP operating expenses were $62 million compared with $65.5 million in the year-ago quarter.
At quarter end, cash, cash equivalents and short-term investments were $80.8 million compared with $200.7 million at the end of the fourth quarter of 2017. Long-term debt totaled $480.3 million compared with $545.2 million at the end of the fourth quarter. The company generated $4.7 million in cash from operations in the quarter under review.
In the first quarter, the company repurchased shares for an aggregate amount of $15 million. As of Mar 31, 2018, Xperi had approximately $127.9 million remaining under its current repurchase program. It also paid $9.9 million in dividends.
Xperi Corporation Price, Consensus and EPS Surprise
Tessera Holding Corporation Price, Consensus and EPS Surprise | Tessera Holding Corporation Quote
Guidance
For the second quarter of 2018, the company expects billings between $99 million and $103 million. Non-GAAP operating expenses are envisioned in the range of $62-$65 million.
For the full year, billings are expected between $415 million and $445 million. Non-GAAP operating expenses are anticipated in the range of $394-$412 million.
Upcoming Releases
Investors interested in the broader Business Services sector are keenly awaiting earnings reports from key players like ABM Industries Incorporated (ABM - Free Report) , Accenture plc (ACN - Free Report) and FactSet Research Systems Inc. . While Accenture and FactSet Research Systems are expected to report third-quarter fiscal 2018 numbers on Jun 28 and Jun 26, respectively, ABM Industries is expected to release second-quarter fiscal 2018 results on Jun 6.
(We are reissuing this article to correct a mistake. The original article, issued on May, 07, 2018, should no longer be relied upon.)