Newz(CEVA) on Monday reported a loss of $2.9 million in its second quarter. On a per-share basis, the Rockville, Maryland-based company said it had a loss of 10 cents. Earnings, adjusted for one-time gains and costs, came to 8 cents per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 7 cents per share. The chip designer posted revenue of $29 million in the period, which also beat Street forecasts.
Four analysts surveyed by Zacks expected $28.2 million. _____ This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CEVA at https://www.zacks.com/ap/CEVA Source
(AAON) on Monday reported second-quarter net income of $56.7 million. The Tulsa, Oklahoma-based company said it had net income of 68 cents per share. Earnings, adjusted for non-recurring costs, came to 69 cents per share.
The results surpassed Wall Street expectations. The maker of air conditioning and heating equipment posted revenue of $627 million in the period, also surpassing Street forecasts. Four analysts surveyed by Zacks expected $514.7 million.
Aaon shares have climbed 24% since the beginning of the year. The stock has increased 18% in the last 12 months. Access a Zacks stock report on AAON at https://www.zacks.com/ap/AAON Source
Summary from source