Cirrus Logic, Inc. (CRUS) Tops Q2 EPS by 14c; Boosts Outlook
Cirrus Logic, Inc. (NASDAQ: CRUS) reported Q2 EPS of $0.68, $0.14 better than the analyst estimate of $0.54. Revenue for the quarter came in at $210.2 million versus the consensus estimate of $187.52 million.
Cirrus Logic, Inc. sees Q3 2015 revenue of $265-285 million, versus the consensus of $216.8 million.
“Q2 was an outstanding quarter for Cirrus Logic, as strong demand for portable audio products drove revenue above expectations. In addition, we were pleased to have closed the acquisition of Wolfson Microelectronics on Aug. 21,” said Jason Rhode, president and chief executive officer. “The acquisition further strengthens Cirrus Logic’s position as a market leader and helps accelerate critical R&D programs we believe will fuel revenue growth in the future.
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