06.02.2024 23:11:25 - dpa-AFX: Cirrus Logic Inc. Q3 Profit Increases, beats estimates

WASHINGTON (dpa-AFX) - Cirrus Logic Inc. (CRUS) announced earnings for its
third quarter that increased from last year and beat the Street estimates.

The company's bottom line came in at $138.72 million, or $2.50 per share. This
compares with $103.48 million, or $1.83 per share, in last year's third quarter.

Excluding items, Cirrus Logic Inc. reported adjusted earnings of $160.63 million
or $2.89 per share for the period.

Analysts on average had expected the company to earn $2.01 per share, according
to figures compiled by Thomson Reuters. Analysts' estimates typically exclude
special items.

The company's revenue for the quarter rose 4.8% to $618.98 million from $590.58
million last year.

Cirrus Logic Inc. earnings at a glance (GAAP) :

-Earnings (Q3): $138.72 Mln. vs. $103.48 Mln. last year.
-EPS (Q3): $2.50 vs. $1.83 last year.
-Analyst Estimate: $2.01
-Revenue (Q3): $618.98 Mln vs. $590.58 Mln last year.

-Guidance:
Next quarter revenue guidance: $290 - $350 Mln


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Copyright RTT News/dpa-AFX
Name WKN Börse Kurs Datum/Zeit Diff. Diff. % Geld Brief Erster Schluss
CIRRUS LOGIC INC. 877381 Frankfurt 118,000 05.07.24 08:01:55 ±0,000 ±0,00% 0,000 0,000 118,000 118,000

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