CEVA, Inc. (CEVA) Tops Q2 EPS by 2c

CEVA, Inc. (NASDAQ: CEVA) reported Q2 EPS of $0.15, $0.02 better than the analyst estimate of $0.13. Revenue for the quarter came in at $12.8 million versus the consensus estimate of $11.96 million.

Gideon Wertheizer, Chief Executive Officer, stated: "Our strong performance in licensing activities for the second quarter was a direct result of our strategy to expand beyond the cellular baseband market. During the quarter, we successfully completed two comprehensive agreements for our CEVA-MM3101 multimedia platforms with key OEMs in the mobile space who are expected to utilize our technology to develop their own proprietary multimedia processing chips. These agreements illustrate our ability to successfully capitalize on emerging technology trends in photography, vision and audio, and build the foundations for our future royalty growth. In addition, we extended our relationship with a key customer in the cellular baseband market, reinforcing our position in the 3G and LTE markets."

For earnings history and earnings-related data on CEVA, Inc. (CEVA) click here.

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