Xperi reports preliminary Q2 adjusted EPS 11c, consensus 12c

Reports preliminary Q2 revenue $105.9M, consensus $115.89M. “We made significant progress in the quarter toward our strategic growth initiatives. However, as the quarter progressed, the changing macroeconomic environment created increased uncertainty for our customers, ultimately impacting our financial results for the quarter. In light of this market backdrop, we are updating our full year financial outlook,” said Jon Kirchner, chief executive officer of Xperi (XPER).