Cirrus Logic, Inc. (CRUS) Tops Q1 EPS by 7c, Offers Q2 Guidance

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q1 EPS of $0.37, $0.07 better than the analyst estimate of $0.30. Revenue for the quarter came in at $152.6 million versus the consensus estimate of $147.6 million.

Cirrus Logic, Inc. sees Q2 2014 EPS of $175-$195, versus the consensus of $185.9. Gross margin is expected to be between 47 percent and 49 percent; and Combined R&D and SG&A expenses are expected to range between $58 million and $62 million, which includes approximately $7 million in share-based compensation and amortization of acquired intangibles.

For earnings history and earnings-related data on Cirrus Logic, Inc. (CRUS) click here.

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