ROCKVILLE, Md. (AP) 鈥� ROCKVILLE, Md. (AP) 鈥� 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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