Cirrus Logic, Inc. (CRUS) Tops Q3 EPS by 88c, Offers Guidance

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Cirrus Logic (CRUS) surges as strong demand drives positive EPS and revenue performance

February 7, 2024 10:13 AM EST

Shares of Cirrus Logic, Inc. (NASDAQ: CRUS) jumped over 15% in early Wednesday trading after the company reported record earnings per share and revenue in its third quarter.

The semiconductor company posted Q3 EPS of $2.89, $0.88 better than the analyst estimate of $2.01, while revenue for the quarter came in at $619 million versus the consensus... More