NYSE:XPERSoftware
Xperi (XPER) Stock Price Drops As Margin Gains Fail To Convince
Xperi stock dropped about 12% to US$6.86 today, even as the company turned in one of its cleanest quarters in recent memory on profitability. The headline is margin. Adjusted earnings before interest, tax, depreciation and amortization landed at US$24m, equal to 21% of revenue, and non GAAP earnings per share came in at US$0.28 while generally accepted accounting principles still showed a small net loss of US$1.5m.
Short term traders focused on the red screen. Longer term investors will...