DSP Group (DSPG) Misses Q2 EPS by 5c

DSP Group (NASDAQ: DSPG) reported Q2 EPS of ($0.03), $0.05 worse than the analyst estimate of $0.02. Revenue for the quarter came in at $31.3 million versus the consensus estimate of $30.93 million.

Guidance:

(emphasis Street Insider): CEO Ofer Elyakim commented “Looking ahead to the third quarter, we expect a sequential increase in revenues, propelled by an increase in shipments of our SmartVoice products for voice user interface in non-smartphone applications and demand for Office/VoIP products. More importantly, DSP Group is uniquely positioned to become a leader in the bourgeoning market of voice user interface by leveraging our proven leadership and expertise in voice processing and low power design. We are making solid progress in augmenting our diverse engagement pipeline with leading OEMs. This pipeline is materializing, evidenced by commercial shipments to two new customers, and paving a promising path for long term growth.”

For earnings history and earnings-related data on DSP Group (DSPG) click here.

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