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DSP Group: 2Q Earnings Snapshot

July 30, 2019

SAN JOSE, Calif. (AP) _ DSP Group Inc. (DSPG) on Tuesday reported a loss of $521,000 in its second quarter.

The San Jose, California-based company said it had a loss of 2 cents per share. Earnings, adjusted for non-recurring costs, were 7 cents per share.

The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 2 cents per share.

The internet phone and wireless chipset company posted revenue of $29 million in the period.

DSP Group shares have climbed 41% since the beginning of the year. The stock has climbed 23% 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

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