Ceva: Q2 Earnings Snapshot

ROCKVILLE, Md. (AP) — ROCKVILLE, Md. (AP) — Ceva Inc. (CEVA) on Monday reported a loss of $2.9 million in its second quarter.

On a per-share basis, the Rockville, Maryland-based company said it had a loss of 10 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.

The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share.

The chip designer posted revenue of $29 million in the period, which also beat Street forecasts. Four analysts surveyed by Zacks expected $28.2 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