Ceva Inc. Earnings Rise 98% In Q4

(RTTNews) - Ceva Inc. (CEVA) announced a profit for its fourth quarter that rose compared to the same period last year.

The company said its bottom line climbed to $7.04 million, or $0.32 per share. This was up from $3.56 million, or $0.17 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.28 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 31.9% to $21.20 million. This was up from $16.07 million last year.

Ceva Inc. earnings at a glance:

-Earnings (Q4): $7.04 Mln. vs. $3.56 Mln. last year. -Earnings Growth (Y-o-Y): 97.8% -EPS (Q4): $0.32 vs. $0.17 last year. -EPS Growth (Y-o-Y): 88.2% -Analysts Estimate: $0.28 -Revenue (Q4): $21.20 Mln vs. $16.07 Mln last year. -Revenue Change (Y-o-Y): 31.9%