Chipmaker Cirrus Logic gains on upbeat forecast, Q3 profit beat

Cirrus Logic

31/01/2022 21:32

** Shares of Cirrus Logic Inc  CRUS.O  up ~10% at $98.7 in
extended trading after strong Q3 results and upbeat forecast
    ** Chipmaker among top pct gainers on the Nasdaq aftermarket
    ** For Q4, CRUS expects revenue between $400 mln and $440
mln, well above est of $355.8 mln - Refinitiv IBES  urn:newsml:reuters.com:*:nBwf89hGa
    ** On an adjusted basis, CRUS earned a profit of $2.54 per
share vs est of $2.14 per share 
    ** Co posted a revenue of $548.3 mln, up from $485.8 mln a
year earlier 
    ** Up to Monday's close, CRUS down 2.8% YTD

 (Reporting by Sohini Podder in Bengaluru)
 ((sohini.podder@thomsonreuters.com))