Ceva results meet expectations

Semiconductor and electronics company Ceva, which was formed from the merger of Dublin-based Parthus and a division of Israeli group DSP, posted second quarter results in line with market expectations yesterday.

Net income was $903,000 in the first six months of the year after a net loss of $1.3m in the same period last year. Total sales rose to $18.8m from $17.9m.