Cirrus Logic rises on Q3 beat

Cirrus Logic

06/02/2024 23:21

** Shares of chipmaker Cirrus Logic  CRUS.O  rise 8.7% to
$85.20 in extended trading
    ** Company posts Q3 revenue of $619.0 mln vs analysts' avg.
est. of $540.1 mln - LSEG data
    ** Posts Q3 adj. EPS of $2.89 vs analysts' est. of $2.01
    ** Forecasts Q4 revenue to be between $290 mln and $350 mln
vs analysts' avg. est. of $331.9 mln
    ** Stock had risen ~12% in 2023

 (Reporting by Jaspreet Singh in Bengaluru)
 ((Jaspreet.Singh@thomsonreuters.com ; https://twitter.com/i_jass))