Ceva Inc. Reports 115% Advance In Q1 Earnings

(RTTNews) - Ceva Inc. (CEVA) reported earnings for its first quarter that gained ground from last year.

The company said its bottom line climbed to $3.54 million, or $0.17 per share. This was higher than $1.65 million, or $0.08 per share, in last year's first 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 19.4% to $16.51 million. This was up from $13.83 million last year.

Ceva Inc. earnings at a glance:

-Earnings (Q1): $3.54 Mln. vs. $1.65 Mln. last year. -Earnings Growth (Y-o-Y): 114.5% -EPS (Q1): $0.17 vs. $0.08 last year. -EPS Growth (Y-o-Y): 112.5% -Analysts Estimate: $0.16 -Revenue (Q1): $16.51 Mln vs. $13.83 Mln last year. -Revenue Change (Y-o-Y): 19.4%