Xperi Sees FY24 Non-GAAP Revenue $500M-$530M vs $534.43M Est.
Portfolio Pulse from Benzinga Newsdesk
Xperi projects its FY24 non-GAAP revenue to be between $500M and $530M, which is below the estimated $534.43M.
February 28, 2024 | 9:58 pm
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NEGATIVE IMPACT
Xperi's projected FY24 non-GAAP revenue is below market expectations, indicating potential challenges ahead.
Xperi's revenue projection falling short of the market estimate suggests that the company might face operational or market challenges, potentially leading to a negative short-term impact on its stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100