Cirrus Logic (CRUS) Q3 Earnings & Revenues Top Estimates, Up Y/Y
CRUSCirrus Logic(CRUS) Zacks Investment Research·2024-02-08 00:00

Cirrus Logic Inc. (CRUS) reported third-quarter fiscal 2024 adjusted earnings per share (EPS) of 2.89,whichbeattheZacksConsensusEstimateby43.82.89, which beat the Zacks Consensus Estimate by 43.8%. Also, the bottom line increased 20.4% from the prior-year quarter’s 2.40. Total revenues of $619 million surpassed the Zacks Consensus Estimate by 14.7% and increased 5% year over year. The uptick was driven by solid sales of components shipping and smartphones, owing to strength in orders from its largest customer. Following the announcement, the company ...