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Stock impact report

Why Is Cirrus Logic (CRUS) Up 1.6% Since Last Earnings Report? [Yahoo! Finance]

Cirrus Logic, Inc. (CRUS) 
Last cirrus logic, inc. earnings: 1/29 04:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.cirrus.com
Company Research Source: Yahoo! Finance
Will the recent positive trend continue leading up to its next earnings release, or is Cirrus Logic due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers. Cirrus Logic Q3 Earnings Top Estimates Cirrus Logic reported third-quarter fiscal 2024 adjusted earnings per share (EPS) of $2.89, which beat the Zacks Consensus Estimate by 43.8%. Also, the bottom line increased 20.4% from the prior-year quarter's $2.40. Total revenues of $619 million surpassed the Zacks Consensus Estimate by 14.7% and increased 5% year over year. The uptick was driven by solid sales of components shipping and smartphones, owing to strength in orders from its largest customer. Segment Details This Texas-based company rearranged its reportable segments and created separate categories, High-Performance Mixed-Signal and Audio, in the fourth quarter of fisc Show less Read more
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