DSP Group: 2Q Earnings Snapshot
Posted July 30, 2020 9:09 am.
Last Updated July 30, 2020 9:24 am.
This article is more than 5 years old.
SAN JOSE, Calif. (AP) _ DSP Group Inc. (DSPG) on Thursday reported a loss of $1.1 million in its second quarter.
The San Jose, California-based company said it had a loss of 5 cents per share. Earnings, adjusted for non-recurring costs, were 6 cents per share.
The results matched Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was also for earnings of 6 cents per share.
The internet phone and wireless chipset company posted revenue of $28.3 million in the period.
DSP Group shares have dropped slightly since the beginning of the year. The stock has declined 0.5% in the last 12 months.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on DSPG at https://www.zacks.com/ap/DSPG
The Associated Press
