Xperi Reaffirms FY24 Revenue Outlook Of $500M-$530M, Est $515.174M
Portfolio Pulse from Benzinga Newsdesk
Xperi has reaffirmed its fiscal year 2024 revenue outlook, projecting revenues to be in the range of $500 million to $530 million, with an estimated midpoint of $515.174 million.
May 08, 2024 | 9:34 pm
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Xperi has reaffirmed its FY24 revenue guidance, indicating a stable financial outlook with projected revenues between $500M-$530M.
Reaffirming revenue outlooks generally instills confidence in investors, suggesting that the company is on track to meet or exceed its financial targets. This positive reinforcement of Xperi's financial health and stability is likely to have a favorable impact on its stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100