Stock Track | Cirrus Logic Plunges After Guiding for Lower Q3 Revenue Despite Strong Q2 Results

Stock Track

Nov 05, 2024

Cirrus Logic Inc. (CRUS), a leading provider of audio and high-performance mixed-signal integrated circuits, saw its stock plunge nearly 8% in after-hours trading on November 4th, 2024. This came despite the company reporting better-than-expected financial results for the second quarter of fiscal 2025.

For the quarter ended September 28th, 2024, Cirrus Logic posted revenue of $541.9 million, surpassing analysts' consensus estimate of $520.48 million. The company also reported adjusted earnings per share of $2.25, comfortably beating the $2.02 forecast by Wall Street.

However, what seemed to weigh on Cirrus Logic's stock was its guidance for the third quarter of fiscal 2025. The company projected revenue in the range of $480 million to $540 million, well below the consensus estimate of $589.79 million. This disappointing outlook overshadowed the company's solid second-quarter performance, causing investors to react negatively and driving the stock down in after-hours trading.

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(CRUS), a leading provider of audio and high-performance mixed-signal integrated circuits, saw its stock plunge nearly 8% in after-hours trading on November 4th, 2024. This came despite the company reporting better-than-expected financial results for the second quarter of fiscal 2025.</p>\n\n<p>For the quarter ended September 28th, 2024, Cirrus Logic posted revenue of $541.9 million, surpassing analysts' consensus estimate of $520.48 million. The company also reported adjusted earnings per share of $2.25, comfortably beating the $2.02 forecast by Wall Street.</p>\n\n<p>However, what seemed to weigh on Cirrus Logic's stock was its guidance for the third quarter of fiscal 2025. The company projected revenue in the range of $480 million to $540 million, well below the consensus estimate of $589.79 million. 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(CRUS), a leading provider of audio and high-performance mixed-signal integrated circuits, saw its stock plunge nearly 8% in after-hours trading on November 4th, 2024. This came despite the company reporting better-than-expected financial results for the second quarter of fiscal 2025.</p>\n\n<p>For the quarter ended September 28th, 2024, Cirrus Logic posted revenue of $541.9 million, surpassing analysts' consensus estimate of $520.48 million. The company also reported adjusted earnings per share of $2.25, comfortably beating the $2.02 forecast by Wall Street.</p>\n\n<p>However, what seemed to weigh on Cirrus Logic's stock was its guidance for the third quarter of fiscal 2025. The company projected revenue in the range of $480 million to $540 million, well below the consensus estimate of $589.79 million. This disappointing outlook overshadowed the company's solid second-quarter performance, causing investors to react negatively and driving the stock down in after-hours trading.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRUS","symbol_name":"凌云半导体","start_time":0,"source_url":"","article_id":"1192777648","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1192777648","pubTimestamp":1730756027,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cirrus Logic Inc. , a leading provider of audio and high-performance mixed-signal integrated circuits, saw its stock plunge nearly 8% in after-hours trading on November 4th, 2024. This came despite the company reporting better-than-expected financial results for the second quarter of fiscal 2025.For the quarter ended September 28th, 2024, Cirrus Logic posted revenue of $541.9 million, surpassing analysts' consensus estimate of $520.48 million. The company also reported adjusted earnings per shar","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRUS":"凌云半导体"},"translate_title":"尽管第二季度业绩强劲，但Cirrus Logic在指导第三季度收入下降后股价暴跌","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRUS":1},"content_text":"Cirrus Logic Inc. (CRUS), a leading provider of audio and high-performance mixed-signal integrated circuits, saw its stock plunge nearly 8% in after-hours trading on November 4th, 2024. This came despite the company reporting better-than-expected financial results for the second quarter of fiscal 2025.\nFor the quarter ended September 28th, 2024, Cirrus Logic posted revenue of $541.9 million, surpassing analysts' consensus estimate of $520.48 million. The company also reported adjusted earnings per share of $2.25, comfortably beating the $2.02 forecast by Wall Street.\nHowever, what seemed to weigh on Cirrus Logic's stock was its guidance for the third quarter of fiscal 2025. The company projected revenue in the range of $480 million to $540 million, well below the consensus estimate of $589.79 million. 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