Why Cirrus Logic Stock Closed 15% Higher on Wednesday
Cirrus Logic(CRUS) The Motley Fool·2024-02-08 05:59
Shares of Cirrus Logic (CRUS 14.59%) jumped as much as 18.6% higher on Wednesday, cooling down to a robust 14.6% gain at the end of the day. The designer of audio control and voice-processing chips reported fantastic third-quarter results that exceeded analyst expectations by a country mile. Q3 earnings crushed expectations Your average Wall Street firm would have settled for earnings of roughly 540 million. Instead, Cirrus saw sales increase 5% year over year to $620 mil ...