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Cirrus Logic: Fiscal Q1 Earnings Snapshot
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AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Wednesday reported fiscal first-quarter earnings of $76.9 million.

On a per-share basis, the Austin, Texas-based company said it had net income of $1.47. Earnings, adjusted for one-time gains and costs, came to $1.84 per share.

The results beat Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.80 per share.

The chipmaker posted revenue of $459.7 million in the period, which fell short of Street forecasts. Four analysts surveyed by Zacks expected $459.9 million.

For the current quarter ending in September, Cirrus Logic said it expects revenue in the range of $510 million to $570 million.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on CRUS at https://www.zacks.com/ap/CRUS

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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