Tessera Technologies, a chip-scale and multi-chip package provider, expects Q3 revenues in the range of $22.3 to $22.6 million after raising its guidance by approximately $2 million.

Net income is expected to range between $12 and $12.2 million. The company had previously given guidance for Q3 revenues of $20.1 to $20.5 million and net income of $10 to $10.3 million.

¡§Tessera will receive greater than expected royalty revenue during the third quarter," said Bruce McWilliams, chairman and CEO of Tessera, in a statement. "This increase is broad based and reflects strength in both wireless and consumer electronics end markets.¡¨

By: DocMemory
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