DSP Group Inc. (NASDAQ:DSPG) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
DSP Group Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased to $0.11 in the quarter versus EPS of $-0.05 in the year-earlier quarter.
Revenue: Decreased 8.74% to $39.7 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: DSP Group Inc. reported adjusted EPS income of $0.11 per share. By that measure, the company beat the mean analyst estimate of $0.05. It beat the average revenue estimate of $38.66 million.
Quoting Management: Ofer Elyakim, CEO of DSP Group, stated, “We are pleased with our first quarter financial results, which exceeded our guidance in almost every financial metric. Our return to GAAP operating profitability is a powerful demonstration of our successful turnaround, especially in light of the uncertain market dynamics in the DECT market.”
Key Stats (on next page)…
Revenue increased 3.3% from $38.43 million in the previous quarter. EPS increased 83.33% from $0.06 in the previous quarter.
Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $0.02 to a profit $0.06. For the current year, the average estimate has moved up from a profit of $0.1 to a profit of $0.26 over the last ninety days.
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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)