CEVA Stock Gains In Pre-Market Despite Wider Loss In Q3

(RTTNews) - CEVA, Inc. (CEVA), Monday reported third-quarter financial results, posting a net loss of $2.509 million from $1.311 million in the previous year.

On a per-share basis, loss widened to $0.10 from $0.06 a year ago.

Adjusted earnings declined to $2.716 million, or $0.11 a share, from $3.406 million, or $0.14 a share, in the prior year.

On average, analysts estimated earnings of $0.1 per share for the quarter.

Operating loss narrowed to $2.084 million from last year's $2.624 million.

Total revenues increased to $28.4 million from $27.2 million in the earlier year.

In the pre-market hours, CEVA is trading at $27.51, up 5.16 percent on the Nasdaq.