Xperi Q4 2023 Adj EPS $0.11 Beats $0.05 Estimate, Sales $137.23M Miss $140.18M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xperi reported Q4 2023 adjusted EPS of $0.11, surpassing the $0.05 estimate, but its sales of $137.23M fell short of the $140.18M forecast. This represents a 1.26% increase in sales compared to the same period last year.
February 28, 2024 | 9:30 pm
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Xperi's Q4 2023 earnings exceeded expectations with an adjusted EPS of $0.11, but sales missed estimates, reporting $137.23M against a $140.18M forecast.
While Xperi's earnings per share significantly exceeded analyst expectations, the miss on sales forecasts could temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The positive earnings surprise is offset by the slight sales miss, suggesting a balanced market reaction.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100