Cirrus Logic: Fiscal Q4 Earnings Snapshot
By Ap News
Published - May 07, 2024, 05:18 PM ET
Last Updated - May 27, 2024, 01:01 AM EDT
AUSTIN, Texas (AP) — AUSTIN, Texas (AP) — Cirrus Logic Inc. (CRUS) on Tuesday reported fiscal fourth-quarter profit of $44.8 million.
On a per-share basis, the Austin, Texas-based company said it had profit of 81 cents. Earnings, adjusted for stock option expense and amortization costs, came to $1.24 per share.
The results exceeded Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of 67 cents per share.
The chipmaker posted revenue of $371.8 million in the period, also exceeding Street forecasts. Three analysts surveyed by Zacks expected $320.1 million.
