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Cirrus Logic Inc (CRUS.OQ)

CRUS.OQ on NASDAQ Stock Exchange Global Select Market

38.14USD
1:30am IST
Change (% chg)

$0.28 (+0.74%)
Prev Close
$37.86
Open
$37.95
Day's High
$38.31
Day's Low
$37.58
Volume
195,747
Avg. Vol
417,783
52-wk High
$66.85
52-wk Low
$34.78

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Thu, May 3 2018

BRIEF-Cirrus Logic Q4 GAAP Earnings Per Share $0.19

* Q4 REVENUE $303.2 MILLION VERSUS I/B/E/S VIEW $318.3 MILLION

Apple supplier Cirrus plunges after disappointing results

Cirrus Logic Inc , whose audio chips are used in Apple's iPhones, reported quarterly revenue and profit below estimates due to weakness in smartphone sales, sending its shares down 11 percent in extended trading.

BRIEF-Cirrus Logic Reports Q3 FY18 Revenue Of $482.7 Million

* CIRRUS LOGIC- UNANTICIPATED WEAKNESS IN SMARTPHONE DEMAND THAT MATERIALIZED IN LATE DEC DROVE Q3 RESULTS BELOW EXPECTATIONS,FURTHER IMPACTED Q4 GUIDANCE

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