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CEVABearishEarningsnews
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Ceva (CEVA) Reports Q1 Loss, Lags Revenue Estimates

May 9, 2024, 9:14 AM EDT1 sourcesAI-analyzed

AI summary

What happened, with direct paths to the underlying reporting

- CEVA reported a quarterly loss of $0.05 per share, missing estimates. - Revenues for CEVA fell to $22.07 million, missing estimates by 4.27%. - The stock has lost 6.8% year-to-date while the S&P 500 gained 8.8%. - Estimate revisions trend for CEVA is mixed, translating into a Zacks Rank #3 (Hold). - Electronics - Semiconductors industry is currently in the bottom 46% of Zacks industries. Price Impact Rating: Bearish Impact Horizon Rating: Short-term Type: Earnings

  • CEVA reported a quarterly loss of $0.05 per share, missing estimates.
  • Revenues for CEVA fell to $22.07 million, missing estimates by 4.27%.
  • The stock has lost 6.8% year-to-date while the S&P 500 gained 8.8%.
  • Estimate revisions trend for CEVA is mixed, translating into a Zacks Rank #3 (Hold).
  • Electronics - Semiconductors industry is currently in the bottom 46% of Zacks industries.

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