CEVA Q4 Adj EPS $0.10 Beats $0.06 Estimate, Sales $24.16M Miss $24.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
CEVA reported Q4 adjusted EPS of $0.10, surpassing the $0.06 estimate, but its sales of $24.16M fell short of the $24.31M estimate. This represents a 56.52% decrease in earnings and a 27.66% decrease in sales from the same period last year.
February 14, 2024 | 12:02 pm
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CEVA's Q4 earnings surpassed expectations with an EPS of $0.10 against a $0.06 estimate, but sales missed the mark at $24.16M versus the expected $24.31M. The company saw a significant decrease in both earnings and sales compared to last year.
While CEVA's EPS beat may positively impact investor sentiment in the short term, the miss on sales and significant year-over-year declines in both earnings and sales could temper any potential gains. The mixed results present a neutral outlook, as the positive EPS surprise is offset by the sales miss and overall decrease in performance compared to the previous year.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100