Here are the earnings highlights for Ceva Inc. (CEVA) for the third quarter:
- Net income stood at a loss of $1.31 million, an improvement from a loss of $4.96 million in the third quarter of the previous year.
- Earnings per share (EPS) were recorded at a negative $0.06, compared to a negative $0.21 in the same period last year.
- Excluding specific items, Ceva Inc. achieved adjusted earnings of $3.41 million, with an adjusted EPS of $0.14 for the quarter.
Analyst forecasts had predicted an EPS of $0.10.
- Revenue for the third quarter reached $27.21 million, up from $24.07 million in the corresponding period of the previous year.
