CEVA, Inc. (CEVA) Prelim. Q3 Revenue Outpaces Expectations

CEVA, Inc. (NASDAQ: CEVA) announced that its revenues for the third quarter of 2015 are approximately $16.2 million, an all-time high, and above the high end of the Company's previously issued revenue guidance of $15 to $16 million. Earnings per share exceed the previously stated guidance range of 7-9 cents on a GAAP basis and 14-16 cents on a non-GAAP basis due to a combination of higher revenues and lower than expected operating expenditures for the quarter. Robust licensing demand across the CEVA technology portfolio and acceleration of shipments of LTE based smartphones powered by CEVA DSPs are driving this record high revenue.

*** The Street was looking for Q3 revenue of $15.4 million.

The company will release its full third quarter 2015 results on November 2, 2015 before the NASDAQ market opens. Following the release, CEVA management will conduct a conference call at 8:30 a.m. Eastern Time to discuss the operating performance for the quarter.

The conference call will be available via the following dial in numbers:

• U.S. Participants: Dial 1-866-364-3869 (Access Code: CEVA)
• International Participants: Dial +1-412-902-4215 (Access Code: CEVA)

The conference call will also be available live via the Internet at the following link: https://www.webcaster4.com/Webcast/Page/984/10882. Please go to the web site at least fifteen minutes prior to the call to register, download and install any necessary audio software.

For those who cannot access the live broadcast, a replay will be available by dialing 1-877-344-7529 or +1-412-317-0088 (access code: 10073703) from one hour after the end of the call until 9:30 a.m. (Eastern Time) on November 15, 2015. The replay will also be available at CEVA's web site www.ceva-dsp.com.

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