(Adds Outlook, share buyback)
Ceva, Inc. (CEVA) said, for the full year, the company now expects overall revenues to be higher than previous guidance, at a new range of 7%-9% growth, enabling to double non-GAAP EPS year-over-year. Also, the Ceva Board authorized the expansion of the company's share repurchase program with an additional 700,000 shares of common stock available for repurchase, bringing the total shares available for repurchase to approximately 1 million.
Q3 Results:
GAAP net loss for the third quarter was $1.3 million, compared to a GAAP net loss of $2.8 million reported for the same period in 2023. GAAP loss per share was $0.06, compared to GAAP loss per share of $0.12. Non-GAAP earnings per share increased to $0.14 from $0.02. On average, five analysts polled by Thomson Reuters expected the company to report profit per share of $0.10, for the quarter. Analysts' estimates typically exclude special items.
Total revenue was $27.2 million, up 13% compared to $24.1 million reported for the third quarter of 2023. Analysts on average had estimated $26.85 million in revenue.
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Business News
June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.