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DSP Group: 4Q Earnings Snapshot

HERZELIA, Israel (AP) _ DSP Group Inc. (DSPG) on Monday reported a loss of $321,000 in its fourth quarter.

The Herzelia, Israel-based company said it had a loss of 1 cent per share. Earnings, adjusted for non-recurring costs, were 4 cents per share.

The results beat Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for a loss of 3 cents per share.

The internet phone and wireless chipset company posted revenue of $26.1 million in the period.

For the year, the company reported that its loss narrowed to $2 million, or 9 cents per share. Revenue was reported as $117.4 million.

DSP Group shares have increased 14 percent since the beginning of the year. The stock has increased 2 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