Cirrus Logic Inc. (CRUS) reported a profit for its fourth quarter that increased from the same period last year and beat the Street estimates.
The company's earnings came in at $71.27 million, or $1.31 per share. This compares with $44.84 million, or $0.81 per share, last year.
Excluding items, Cirrus Logic Inc. reported adjusted earnings of $90.63 million or $1.67 per share for the period.
Analysts on average had expected the company to earn $1.17 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 14.2% to $424.46 million from $371.83 million last year.
Cirrus Logic Inc. earnings at a glance (GAAP) :
-Earnings: $71.27 Mln. vs. $44.84 Mln. last year.
-EPS: $1.31 vs. $0.81 last year.
-Revenue: $424.46 Mln vs. $371.83 Mln last year.
-Guidance:
Next quarter revenue guidance: $330 - $390 Mln
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