Ceva: Q2 Earnings Snapshot
By AP News
Published - Aug 07, 2024, 07:08 AM ET
Last Updated - Aug 07, 2024, 07:08 AM EDT
ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Ceva Inc. (CEVA) on Wednesday reported a loss of $291,000 in its second quarter.
The Rockville, Maryland-based company said it had a loss of 1 cent per share. Earnings, adjusted for stock option expense and non-recurring costs, were 17 cents per share.
The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.
The chip designer posted revenue of $28.4 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $24.5 million.
