CEVA Q3 Adj EPS $0.02 Misses $0.04 Estimate, Sales $24.07M Miss $27.64M Estimate
Portfolio Pulse from Benzinga Newsdesk
CEVA reported Q3 earnings of $0.02 per share, missing the analyst consensus estimate of $0.04 by 50%. The company's quarterly sales were $24.07 million, missing the estimate of $27.64 million by 12.91%. This represents a 90% decrease in earnings and a 28.48% decrease in sales compared to the same period last year.
November 08, 2023 | 12:21 pm
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NEGATIVE IMPACT
CEVA's Q3 earnings and sales significantly missed estimates, indicating a potential downturn in the company's performance.
CEVA's Q3 earnings and sales have significantly missed estimates, which is a strong negative signal for investors. This could lead to a decrease in the company's stock price in the short term.
CONFIDENCE 100
IMPORTANCE 100
RELEVANCE 100