Cirrus Logic, Inc. (CRUS) Sees Strong Move on EPS

Cirrus Logic, Inc. (NASDAQ: CRUS) is seeing notable strength following earnings after the close. Shares are up 15.6%. Short covering could be contributing.

Cirrus reported Q3 EPS of $0.82, $0.01 better than the analyst estimate of $0.81. Revenue for the quarter came in at $347.9 million versus the consensus estimate of $346.88 million. The company sees Q4 2016 revenue of $210-240 million, versus the consensus of $260.27 million.

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