Xperi Q1 2024 Adj EPS $(0.05) Beats $(0.14) Estimate, Sales $118.844M Miss $122.111M Estimate
Portfolio Pulse from Benzinga Newsdesk
Xperi reported Q1 2024 adjusted EPS of $(0.05), surpassing the $(0.14) estimate, but its sales of $118.844M fell short of the $122.111M forecast. This represents a 225% decrease in earnings and a 6.30% drop in sales compared to the same period last year.

May 08, 2024 | 8:50 pm
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NEUTRAL IMPACT
Xperi's Q1 2024 earnings outperformed EPS estimates but missed on sales, indicating mixed financial health.
While Xperi's better-than-expected EPS could be seen positively, the miss on sales forecasts and the significant year-over-year decline in both earnings and sales could concern investors. The mixed results may lead to neutral short-term stock price movement as investors digest both the positive and negative aspects of the report.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100