DSP Group (DSPG) Raises Q4 and FY11 Revenue Above Expectations

DSP Group®, Inc. (Nasdaq: DSPG) will release its earnings results for the fourth quarter of 2011 on February 1st, 2012 before the market opens.

In conjunction with its earnings release, the Company updated its financial guidance for the fourth quarter of 2011.

The following estimates are based on the current business outlook:

• Net Revenue: Previously provided guidance for fourth quarter revenues in a range from $34 to $38 million. Guidance now increased to the high end of that range to approximately $38 million for the fourth quarter, topping the Street's consensus of $36.38 million, and bringing total revenues to a level of approximately $194 million for full year 2011, just above the Street's consensus of $192 million.
  
• Operating Loss and Net Loss on a non-GAAP basis: Expected to be lower than previously estimated due to higher revenues.

"DSP Group's fourth quarter revenues are better than previously expected driven by improved demand for our products; we view this as a positive sign indicating improved market conditions," stated Ofer Elyakim, CEO of DSP Group. "We continued our share buyback activity and repurchased approximately 500,000 shares for approximately $3.2 million during the fourth quarter, which brings the total number of shares repurchased during this fiscal year to approximately 1.3 million shares," he added.

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