Ceva Inc. Bottom Line Climbs 98% In Q3

(RTTNews) - Ceva Inc. (CVA.L) announced earnings for its third quarter that advanced compared to the same period last year.

The company said its bottom line came in at $4.73 million, or $0.22 per share. This was up from $2.39 million, or $0.12 per share, in last year's third quarter.

Analysts had expected the company to earn $0.16 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 15.2% to $16.24 million. This was up from $14.10 million last year.

Ceva Inc. earnings at a glance:

-Earnings (Q3): $4.73 Mln. vs. $2.39 Mln. last year. -Earnings Growth (Y-o-Y): 97.9% -EPS (Q3): $0.22 vs. $0.12 last year. -EPS Growth (Y-o-Y): 83.3% -Analysts Estimate: $0.16 -Revenue (Q3): $16.24 Mln vs. $14.10 Mln last year. -Revenue Change (Y-o-Y): 15.2%