Tessera Technologies raises 2Q revenue forecast, citing income from royalties
By APWednesday, June 2, 2010
Tessera Technologies raises 2Q revenue forecast
SAN JOSE, Calif. — Tessera Technologies Inc. raised its second-quarter revenue estimate Wednesday, saying income from royalties has been higher than expected.
Tessera, which licenses miniaturization technology for electronic devices, said it now expects revenue of $74 million to $75 million. That’s up from a previous forecast of $67 million to $70 million. The company also said it has had increased sales of its micro-optics products.
Analysts surveyed by Thomson Reuters had forecast $68.6 million, on average.
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