DSP Group (DSPG) Raises Q4 Guidance
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Price: $21.98 --0%
Financial Fact:
Intangible assets amortization: 390K
Today's EPS Names:
JVA, ARDS, FRHC, More
Financial Fact:
Intangible assets amortization: 390K
Today's EPS Names:
JVA, ARDS, FRHC, More
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DSP Group®, Inc. (Nasdaq: DSPG) announced today that it expects to exceed the revenue, operating and earnings guidance for the fourth quarter of 2012 that was previously provided by the Company during its third quarter earnings call held on November 5, 2012.
DSP Group expects to report revenues of approximately $38.2 million for its fourth fiscal quarter ended December 31, 2012, exceeding the higher end of management's prior guidance of $35 to $38 million.
***Street sees Revenue of $36.58 million and EPS of $0.01.
The Company also expects to report positive non-GAAP operating income for the fourth quarter of 2012 due to higher revenues and lower operating costs. Moreover, management expects to successfully meet its objective of generating positive cash flows from operations and EBITDA both for the fourth quarter and full year ended December 31, 2012.
DSP Group will be presenting at the upcoming CES show in Las Vegas on January 8th-11th and at Needham's 2013 Growth Conference on January 15th and 16th, 2013 in New York.
DSP Group expects to report revenues of approximately $38.2 million for its fourth fiscal quarter ended December 31, 2012, exceeding the higher end of management's prior guidance of $35 to $38 million.
***Street sees Revenue of $36.58 million and EPS of $0.01.
The Company also expects to report positive non-GAAP operating income for the fourth quarter of 2012 due to higher revenues and lower operating costs. Moreover, management expects to successfully meet its objective of generating positive cash flows from operations and EBITDA both for the fourth quarter and full year ended December 31, 2012.
DSP Group will be presenting at the upcoming CES show in Las Vegas on January 8th-11th and at Needham's 2013 Growth Conference on January 15th and 16th, 2013 in New York.
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