Tessera Technologies Q4 Loss Widens, Guides Q1 Revenues - Quick Facts

(RTTNews) - Tessera Technologies, Inc. (TSRA) announced fourth-quarter net loss of $47.88 million or $0.89 per share, wider than $20.62 million or $0.39 per share in the prior-year quarter.

Loss from continuing operations widened to $46.16 million or $0.86 per share from $12.74 million or $0.24 per share in the year-ago quarter.

Excluding charges, adjusted income from continuing operations for the quarter was $7.69 million or $0.14 per share, compared to a loss of $3.55 million or $0.07 per share in the year-ago quarter.

Total revenues for the quarter grew to $56.37 million from $47.58 million in the same quarter last year.

Looking ahead to the first quarter of fiscal 2014, the company expects total revenues in a range of $33 million to $36 million.