Recap: Cirrus Logic Q4 Earnings

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Cirrus Logic CRUS reported its Q4 earnings results on Thursday, May 4, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Cirrus Logic beat estimated earnings by 9.52%, reporting an EPS of $0.92 versus an estimate of $0.84.

Revenue was down $117.15 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.41 which was followed by a 7.89% increase in the share price the next day.

Here's a look at Cirrus Logic's past performance:

Quarter Q3 2023 Q2 2023 Q1 2023 Q4 2022
EPS Estimate 1.99 1.45 0.83 1.40
EPS Actual 2.40 1.99 1.12 2.01
Revenue Estimate 544.60M 462.73M 366.76M 420.29M
Revenue Actual 590.58M 540.57M 393.64M 489.97M

To track all earnings releases for Cirrus Logic visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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