Cirrus Logic, Inc. (CRUS) Tops Q1 EPS by 23c, Offers Guidance
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Price: $82.02 -1.48%
EPS Growth %: -30.4%
Financial Fact:
Cost of sales: 216.92M
Today's EPS Names:
MAXN, CSTR, ACU, More
EPS Growth %: -30.4%
Financial Fact:
Cost of sales: 216.92M
Today's EPS Names:
MAXN, CSTR, ACU, More
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Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q1 EPS of $0.53, $0.23 better than the analyst estimate of $0.30. Revenue for the quarter came in at $242.6 million versus the consensus estimate of $225.18 million.
GUIDANCE:
Cirrus Logic, Inc. sees Q2 2021 revenue of $290-330 million, versus the consensus of $315 million.
- GAAP gross margin to be between 51 percent and 53 percent; and
- Combined GAAP R&D and SG&A expenses to range between $114 million and $120 million, including approximately $15 million in stock-based compensation expense and $3 million in amortization of acquired intangibles.
For earnings history and earnings-related data on Cirrus Logic, Inc. (CRUS) click here.
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