Cirrus Logic, Inc. (CRUS) Tops Q4 EPS by 21c

Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q4 EPS of $0.28, $0.21 better than the analyst estimate of $0.07. Revenue for the quarter came in at $254.5 million versus the consensus estimate of $231.75 million.

Business Outlook – Second Quarter FY19

• Revenue is expected to range between $310 million and $350 million;
• GAAP gross margin is expected to be between 48 percent and 50 percent; and
• Combined GAAP R&D and SG&A expenses are expected to range between $132 million and $138 million, which includes approximately $15 million in share-based compensation and $13 million in amortization of acquired intangibles.

(Street sees Q2 revenue of $337.9 million)

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

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