Cirrus Logic: Q1 Earnings Insights

Shares of Cirrus Logic CRUS fell 3.34% in after-market trading after the company reported Q1 results.

Quarterly Results

Earnings per share were up 51.43% over the past year to $0.53, which beat the estimate of $0.30.

Revenue of $242,573,000 up by 1.81% from the same period last year, which beat the estimate of $225,180,000.

Looking Ahead

Cirrus Logic hasn't issued any earnings guidance for the time being.

Q2 revenue expected between $290,000,000 and $330,000,000.

How To Listen To The Conference Call

Date: Aug 03, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/eventRegistration/EventLobbyServlet?target=reg20.jsp&referrer=https%3A%2F%2Finvestor.cirrus.com%2Fhome%2Fdefault.aspx&eventid=2403577&sessionid=1&key=342938EF29A856F48E9A09D6850B7188&regTag=&sourcepage=register

Technicals

Company's 52-week high was at $91.63

Company's 52-week low was at $47.04

Price action over last quarter: Up 1.11%

Company Description

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.