04:25 PM EDT, 08/06/2024 (MT Newswires) -- Cirrus Logic ( CRUS ) reported fiscal Q1 non-GAAP earnings late Tuesday of $1.12 per diluted share, up from $0.67 a year earlier.

Analysts polled by Capital IQ expected $0.62.

Net sales for the quarter ended June 29 were $374 million, compared with $317 million a year earlier. Analysts polled by Capital IQ expected $318.4 million.

The company said it expects fiscal Q2 revenue of $490 million to $550 million. Analysts expect $485.3 million.

Company shares were up nearly 12% in recent after-hours activity.

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