DSP Group Q3 Earnings Rise - Quick Facts

(RTTNews) - DSP Group Inc (DSPG), a provider of wireless chipset solutions for converged communications, Monday reported higher earnings for the third quarter, as revenues grew 4 percent year-on-year.

The company's net income rose to $773 thousand or $0.03 per share from $398 thousand or $0.02 per share last year.

Excluding certain items, the group earned $0.10 per share. Analysts polled by Thomson Reuters expected the company to report earnings of $0.03 per share for the quarter. Analysts' estimates typically exclude special items.

Quarterly revenues increased to $36.7 million from $35.4 million a year ago, while analysts were looking for revenues of $34.15 million.

Ofer Elyakim, CEO of DSP Group commented : "...Considering the business opportunities ahead and taking into account our accomplishments and transition made this year, we believe we are well positioned to achieve our 2014 key design and financial milestones, as well as return to revenue growth in both the fourth quarter and the next fiscal year."