CEVA shares drop 3.32% premarket despite Q2 earnings and revenue beat
CEVA Ceva Inc
$31.92 -17.46%
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- 1CEVA (CEVA) shares fall 3.32% in Monday's premarket trading even though its Q2 earnings and revenue exceeded Wall Street expectations
- 2Adjusted EPS of $0.08 and revenue of $29 million beat forecasts; licensing revenue of $18.2 million rose 21% year over year
- 3Decline despite highest licensing revenue in three years suggests investors are looking beyond the headline beat
This 3-line summary is compiled from the report below.
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