Cirrus Logic (CRUS) Q4 Earnings & Revenues Top Estimates

Cirrus Logic Inc. (CRUS) reported fourth-quarter fiscal 2024 adjusted earnings per share (EPS) of $1.24, which beat the Zacks Consensus Estimate by 85.1%. Also, the bottom line increased 34.7% from the prior-year quarter’s 92 cents. Total revenues of$ 371.8 million surpassed the Zacks Consensus Estimate by 16.2% but decreased 0.3% year over year. The downtick was due to a reduction of general market and custom components, primarily in non- smartphone applications. Following the announcement, the company’s s ...