SAN JOSE, Calif. (AP) _ DSP Group Inc. (DSPG) on Monday reported a loss of $1.1 million in its first quarter.
On a per-share basis, the San Jose, California-based company said it had a loss of 5 cents. Earnings, adjusted for non-recurring costs, were 5 cents per share.
The results topped Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 1 cent per share.
The internet phone and wireless chipset company posted revenue of $28.3 million in the period.
DSP Group shares have increased 30% since the beginning of the year. The stock has increased 22% in the last 12 months.
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