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DSP Group: 3Q Earnings Snapshot

HERZELIA, Israel (AP) _ DSP Group Inc. (DSPG) on Thursday reported third-quarter earnings of $405,000.

The Herzelia, Israel-based company said it had profit of 2 cents per share. Earnings, adjusted for non-recurring costs, came to 11 cents per share.

The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 8 cents per share.

The internet phone and wireless chipset company posted revenue of $32.6 million in the period.

DSP Group shares have dropped almost 3 percent since the beginning of the year. The stock has declined slightly more than 9 percent 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