Ceva: Q4 Revenue Beats Forecasts
Ceva reported a solid financial performance with revenue and adjusted EPS meeting or surpassing expectations.
Signal processing specialist Ceva (NASDAQ:CEVA) reported fourth-quarter results on Thursday, Feb. 13, that matched or exceeded analysts' consensus expectations. Total revenue of $29.2 million outperformed analysts' forecasts of $27 million while adjusted earnings per share (EPS) stood at $0.11, in line with forecasts and showing a 10% year-over-year increase.
Overall, this suggests a strong quarter with significant growth in licensing and royalty streams, despite some challenges in operating margins.
Source: Ceva. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.
