Xperi Bumps Q1 Outlook, Citing Elimination of Uncontracted IP Billings Risk
Xperi raised its Q1 intellectual property billings outlook Tuesday from $100 million-$104 million to $108 million-$110 million. “We have improved visibility in our 2020 billings outlook for the IP licensing business as we have eliminated any uncontracted IP billings risk…
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for the remainder of the year,” said Robert Andersen, chief financial officer. The stock closed 5.9% higher Tuesday at $14.86.