Cirrus Logic Inc. (CRUS) reported first quarter net income of $0.10 per share after the bell Monday, down from $0.13 per share last year. The consensus estimate was for EPS of $0.21. Revenues totaled $99 million, up from $92.2 million last year. Analysts expected revenues of $100.94 million. Second quarter revenues are expected to be between $170 million and $190 million. Analysts currently expect revenues of $129.65 million.
Cirrus Logic has gapped open sharply higher Tuesday morning and is now up 6.45 at $36.29. The stock has leaped to a new high for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.