ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Ceva Inc. (CEVA) on Monday reported a loss of $3.7 million in its second quarter.
On a per-share basis, the Rockville, Maryland-based company said it had a loss of 15 cents. Earnings, adjusted for stock option expense and amortization costs, were 7 cents per share.
The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 5 cents per share.
The chip designer posted revenue of $25.7 million in the period, which also beat Street forecasts. Three analysts surveyed by Zacks expected $25.2 million.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CEVA at https://www.zacks.com/ap/CEVA
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