Apple (AAPL) Traders Look to Strong Cirrus Logic (CRUS) Results for Clues
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Apple (NASDAQ: AAPL) traders are chatting after-hours Wednesday following blow-out results and raised guidance from an Apple-supplier Cirrus Logic, Inc. (NASDAQ: CRUS).
Cirrus Logic reported Q2 EPS of $0.79, $0.08 better than the analyst estimate of $0.71. Revenue for the quarter came in at $194 million versus the consensus estimate of $179.77 million. The company sees Q3 2013 revs of $270-300 million, versus the consensus of $237.65 million.
While small, Cirrus Logic gets 70-80 percent of its sales from Apple.
Cirrus Logic reported Q2 EPS of $0.79, $0.08 better than the analyst estimate of $0.71. Revenue for the quarter came in at $194 million versus the consensus estimate of $179.77 million. The company sees Q3 2013 revs of $270-300 million, versus the consensus of $237.65 million.
While small, Cirrus Logic gets 70-80 percent of its sales from Apple.
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