Why Cirrus Logic Stock Closed 15% Higher on Wednesday
CRUSCirrus 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 2.01persharewithrevenuesnear2.01 per share with revenues near 540 million. Instead, Cirrus saw sales increase 5% year over year to $620 mil ...