Cirrus Logic: Fiscal Third Quarter Earnings Overview

Cirrus Logic Surpasses Earnings Projections for Fiscal Q3

Cirrus Logic Inc., headquartered in Austin, Texas, announced its financial results for the fiscal third quarter, reporting a net profit of $140.3 million.

The company’s earnings translated to $2.66 per share. After accounting for non-recurring items, adjusted earnings reached $2.97 per share.

These figures outperformed analysts’ expectations, with the consensus from four Zacks Investment Research analysts predicting earnings of $2.42 per share.

Revenue for the quarter totaled $580.6 million, exceeding the anticipated $536.3 million projected by analysts surveyed by Zacks.

Looking ahead, Cirrus Logic forecasts revenue between $410 million and $470 million for the quarter ending in March.

This article was produced by Automated Insights using data provided by Zacks Investment Research.