Why Cirrus Logic Stock Soared Today [Yahoo! Finance]
Cirrus Logic, Inc. (CRUS)
Last cirrus logic, inc. earnings: 1/29 04:00 pm
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US:NASDAQ Investor Relations:
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Source: Yahoo! Finance
The designer of audio controllers and mixed-signal processors cooled down a bit from the early spike, and the stock was up 10.2% as of 2:30 p.m. ET. Cirrus Logic by the numbers Cirrus' fourth-quarter revenue held steady year-over-year at $372 million. Adjusted earnings rose 35% to $1.24 per share. Both results left the consensus estimates far behind; your average Wall Street analyst would have settled for earnings of roughly $0.64 per share on sales near $317 million. Looking ahead to the first quarter of fiscal 2025, management expects sales to follow typical seasonal patterns and land at approximately $320 million. The current analyst projections call for roughly $302 million, so that's another bullish data point. What's going on in the smartphone market? Cirrus CEO John Forsyth credited the fourth-quarter surprise to strong demand for high-end smartphones. The company continues to supply audio and security chips for the full range of Apple (NASDAQ: AAPL) iPhones, so Cirru
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CRUS
News
- Jacobs Announces New Chief Financial Officer [Yahoo! Finance]Yahoo! Finance
- Cirrus Logic Announces CFO Transition [Yahoo! Finance]Yahoo! Finance
- Cirrus Logic Announces CFO TransitionBusiness Wire
- Cirrus Logic, Inc. (NASDAQ: CRUS) was downgraded by analysts at Benchmark Co. from a "buy" rating to a "hold" rating.MarketBeat
- Cirrus Logic, Inc. (NASDAQ: CRUS) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
CRUS
Earnings
- 5/7/24 - Beat
CRUS
Sec Filings
- 5/16/24 - Form 8-K
- 5/13/24 - Form 144
- 5/13/24 - Form 4
- CRUS's page on the SEC website