Ceva Beats Expectations with Q3 Earnings Surprise

Ceva Incorporated, a chip design company, reported a net loss of two point five million dollars for Q3, but when adjusted for one-time gains and costs, earnings came in at eleven cents per share, surpassing Wall Streets expectations of ten cents per share. The company also exceeded revenue forecasts with twenty-eight point four million dollars, outperforming the anticipated twenty-eight million dollars.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.