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.
