Cirrus Logic Fiscal Q2 Adjusted Earnings, Revenue Rise; Q3 Outlook Set -- Shares Fall After Hours

MT Newswires Live
2024-11-05

Cirrus Logic (CRUS) reported fiscal Q2 non-GAAP earnings late Monday of $2.25 per diluted share, up from $1.80 a year earlier.

Analysts polled by Capital IQ expected $2.02.

Revenue for the quarter ended Sept. 28 rose to $541.9 million from $481.1 million a year earlier.

Analysts surveyed by Capital IQ expected $520.5 million.

For fiscal Q3, the company expects revenue of $480 million to $540 million. The consensus is for $592.6 million.

Cirrus Logic shares were down 8.7% in after-hours activity.

Price: 110.05, Change: +0.23, Percent Change: +0.21

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