Ceva Shares Rise 24% After Lower-Than-Expected 2Q Loss

By MarketWatch | Aug 7, 2024 at 10:01 AM EST

Ceva's stock rose by 24% to $19.93 as the company reported a lower-than-expected second-quarter loss. Despite a loss of $291,000, the company exceeded analyst expectations with revenue of $28.4 million, driven by growth in licensing and royalty revenue.

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