Cirrus Logic Inc. (CRUS) reported fourth quarter adjusted EPS of $0.36 after the bell Wednesday, up from $0.22 in the prior year period. The consensus estimate was for EPS of $0.34.
Cirrus Logic gapped open higher Thursday and has continued to gain ground in early trade. Shares are now up 3.06 at $26.15 on above average volume. The stock has risen past resistance and has set a new high for the year.
by RTT Staff Writer
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