Tessera Technologies Inc. (San Jose, CA), a developer of semiconductor packaging technology for miniaturization of electronic products, announced that it is raising its financial guidance for the second quarter and full year 2004. For the second quarter ending June 30, 2004, Tessera now expects total revenues in the range of $16.6 to $17 million.
Net income is expected to range between $7.2 and $7.5 million, and earnings per diluted share will be approximately $0.16. The company had previously guided for total revenues of $12.8 to $13.2 million, net income of $4 to $4.4 million, and earnings per diluted share of approximately $0.09. For the full year 2004, Tessera now expects total revenues of $57 to $59 million, net income of $21.5 to $22.5 million, and earnings per diluted share of $0.46 to $0.48, compared to previous guidance of total revenues of $54 to $56 million, net income of $19 to $21 million, and earnings per diluted share of $0.41 to $0.46.
