CEVA Q1 2024 Adj EPS $(0.05) Misses $0.03 Estimate, Sales $22.072M Miss $23.132M Estimate
Portfolio Pulse from Benzinga Newsdesk
CEVA reported Q1 2024 adjusted EPS of $(0.05), missing the $0.03 estimate, with sales of $22.072M also missing the $23.132M estimate. This represents a 23.19% decrease in sales compared to the same period last year.

May 09, 2024 | 11:04 am
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NEGATIVE IMPACT
CEVA's Q1 2024 earnings and sales missed estimates, with a significant decrease in sales compared to last year.
CEVA's missed earnings and sales estimates, combined with a significant year-over-year decrease in sales, are likely to negatively impact investor sentiment and the stock price in the short term. The magnitude of the miss and the comparison to last year's performance highlight underlying challenges that could concern investors.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100