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Why Xperi Stock Skyrocketed Today

TheMotleyFool

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Shares of Xperi (NASDAQ: XPER) have skyrocketed today, up by 21% as of 12:40 p.m. EST, after the company reported fourth-quarter earnings results. TiVo (NASDAQ: TIVO), which Xperi is preparing to merge with, also reported earnings.

Q4 billings came in at $126.7 million, while operating expenses were $95.4 million. Operating cash flow was $65 million, and Xperi finished the quarter with $121.5 million in cash, cash equivalents, and short-term investments. Xperi paid down $50 million in debt during the period, reducing debt by $150 million throughout 2019.

Image source: Getty Images.

Source Fool.com

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