Ceva Q4 Adj. Profit Tops View - Quick Facts

(RTTNews) - Ceva Inc. (CEVA, CVA.L) posted fourth-quarter net loss of $1.93 million or $0.10 per share, compared to net income of $3.13 million or $0.14 per share in the prior year period.

Non-GAAP net income for the current quarter declined to $1.73 million or $0.08 per share from $4.46 million or $0.20 per share in the comparable quarter last year. On average, seven analysts polled by Thomson Reuters expected the company to earn $0.07 per share. Analysts' estimates typically exclude special items.

Total revenues for the latest fourth quarter were $13.82 million, down 1% from $13.97 million in the year-ago period, while seven analysts had a consensus revenue estimate of $13.19 million for the quarter.