Xperi Bumps Q1 Outlook, Citing Elimination of Uncontracted IP Billings Risk

Xperi raised its Q1 intellectual property billings outlook Tuesday from $100 million-$104 million to $108 million-$110 million. “We have improved visibility in our 2020 billings outlook for the IP licensing business as we have eliminated any uncontracted IP billings risk for the remainder of the year,” said Robert Andersen, chief financial officer. The stock closed 5.9% higher Tuesday at $14.86.