logo
Plus   Neg
Share
Email

Cirrus Logic Inc. Q4 adjusted earnings Miss Estimates

Cirrus Logic Inc. (CRUS) revealed earnings for fourth quarter that fell from last year.

The company's profit came in at $12.00 million, or $0.19 per share. This compares with $35.06 million, or $0.52 per share, in last year's fourth quarter.

Excluding items, Cirrus Logic Inc. reported adjusted earnings of $33.02 million or $0.51 per share for the period.

Analysts had expected the company to earn $0.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 7.5% to $303.17 million from $327.86 million last year.

Cirrus Logic Inc. earnings at a glance:

-Earnings (Q4): $33.02 Mln. vs. $56.75 Mln. last year.
-EPS (Q4): $0.51 vs. $0.85 last year.
-Analysts Estimate: $0.60
-Revenue (Q4): $303.17 Mln vs. $327.86 Mln last year.

-Guidance:
Next quarter revenue guidance: $210 - $250 Mln

For comments and feedback contact: editorial@rttnews.com

Follow RTT