Ceva Inc. Reveals 106% Gain In Q4 Profit

(RTTNews) - Ceva Inc. (CEVA) reported a profit for its fourth quarter that increased compared to the same period last year.

The company said its bottom line came in at $3.56 million, or $0.17 per share. This was up from $1.73 million, or $0.08 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.17 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 16.3% to $16.07 million. This was up from $13.82 million last year.

Ceva Inc. earnings at a glance:

-Earnings (Q4): $3.56 Mln. vs. $1.73 Mln. last year. -Earnings Growth (Y-o-Y): 105.8% -EPS (Q4): $0.17 vs. $0.08 last year. -EPS Growth (Y-o-Y): 112.5% -Analysts Estimate: $0.17 -Revenue (Q4): $16.07 Mln vs. $13.82 Mln last year. -Revenue Change (Y-o-Y): 16.3%