Tessera Technologies Inc. - Conference Presentation Calls

Tessera Technologies Inc. announced consolidated unaudited earnings results for the third quarter and nine months ended Sept. 30, 2009. For the quarter, the company's GAAP net income was $12.1 million, or $0.24 per diluted share compared to net loss of $5.4 million or $0.11 per diluted share for the same quarter last year. Non-GAAP net income for the third quarter of 2009 was $19.2 million or $0.37 per diluted share against net income of $2.34 million or $0.05 per diluted share for the same quarter last year. Total revenues for the quarter was $66.123 million against $63.5 million for the same quarter last year. For the quarter, the company's operating income was $19.9 million and income before taxes was $20.5 million against operating loss of $3.5 million and loss before taxes of $4.6 million for the same quarter last year. For the nine months, the company's GAAP net income was $63.44 million, or $1.30 per diluted share compared to net loss of $3.05 million or $0.06 per diluted share for the same period last year. Non-GAAP net income for the nine months of 2009 was $85.5 million or $1.71 per diluted share against net income of $20.2 million or $0.41 per diluted share for the same period last year. Total revenues for the nine months of 2009 was $243 million against $179.2 million for the same period last year. For the nine months of 2009, the company's operating income was $106.31 million and income before taxes was $110.8 million against operating income of $4.1 million and income before taxes of $7.4 million for the same period last year. For the fourth quarter of 2009, total revenues are expected to range between $60.0 million and $62.0 million.

Tessera Technologies Inc., Q3 2009 Earnings Call, Oct 29 2009