Ceva Inc. Q2 Earnings Climb 263%

(RTTNews) - Ceva Inc. (CEVA) released a profit for its second quarter that climbed compared to the same period last year.

The company said its bottom line advanced to $4.58 million, or $0.21 per share. This was higher than $1.26 million, or $0.06 per share, in last year's second quarter.

Analysts had expected the company to earn $0.18 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.0% to $17.10 million. This was up from $13.36 million last year.

Ceva Inc. earnings at a glance:

-Earnings (Q2): $4.58 Mln. vs. $1.26 Mln. last year. -Earnings Growth (Y-o-Y): 263.5% -EPS (Q2): $0.21 vs. $0.06 last year. -EPS Growth (Y-o-Y): 250.0% -Analysts Estimate: $0.18 -Revenue (Q2): $17.10 Mln vs. $13.36 Mln last year. -Revenue Change (Y-o-Y): 28.0%