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Tessera reports 4Q loss

SAN JOSE, Calif. (AP) _ Tessera Holding Corp. (TSRA) on Wednesday reported a fourth-quarter loss of $9.3 million, after reporting a profit in the same period a year earlier.

On a per-share basis, the San Jose, California-based company said it had a loss of 19 cents. Earnings, adjusted for one-time gains and costs, came to 45 cents per share.

The provider of chip technology for small electronic devices posted revenue of $70.1 million in the period.

For the year, the company reported profit of $56.1 million, or $1.12 per share. Revenue was reported as $259.6 million.

For the current quarter ending in April, Tessera expects its results to range from a loss of 15 cents per share to a loss of 9 cents per share.

The company said it expects revenue in the range of $60 million to $63 million for the fiscal first quarter.

Tessera expects full-year revenue in the range of $370 million to $445 million.

Tessera shares have risen 1 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $44.65, an increase of 58 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on TSRA at https://www.zacks.com/ap/TSRA


Keywords: Tessera, Earnings Report