CEVA's Q1 Non-GAAP Earnings Decline, Revenue Increases; Shares Jump Premarket

MT Newswires Live

05/11

CEVA (CEVA) reported Q1 non-GAAP earnings Monday of $0.04 per diluted share, down from $0.06 a year earlier.

Analysts polled by FactSet expected $0.02.

Revenue for the quarter ended March 31 was $27 million, compared with $24.2 million a year earlier.

Analysts polled by FactSet expected $26.1 million.

CEVA shares were up 8% in recent premarket Monday trading.

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