financetom
Business
financetom
/
Business
/
Cirrus Logic Fiscal Q2 Adjusted Earnings, Revenue Rise; Q3 Outlook Set -- Shares Fall After Hours
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Cirrus Logic Fiscal Q2 Adjusted Earnings, Revenue Rise; Q3 Outlook Set -- Shares Fall After Hours
Nov 4, 2024 3:02 PM

05:37 PM EST, 11/04/2024 (MT Newswires) -- Cirrus Logic ( CRUS ) reported fiscal Q2 non-GAAP earnings late Monday of $2.25 per diluted share, up from $1.80 a year earlier.

Analysts polled by Capital IQ expected $2.02.

Revenue for the quarter ended Sept. 28 rose to $541.9 million from $481.1 million a year earlier.

Analysts surveyed by Capital IQ expected $520.5 million.

For fiscal Q3, the company expects revenue of $480 million to $540 million. The consensus is for $592.6 million.

Cirrus Logic ( CRUS ) shares were down 8.7% in after-hours activity.

Price: 110.05, Change: +0.23, Percent Change: +0.21

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Trump plans tariffs on Canada, France over digital services taxes
Trump plans tariffs on Canada, France over digital services taxes
Feb 13, 2025
(Reuters) - President Donald Trump on Thursday said he planned to impose tariffs on Canada and France over their digital services taxes on U.S. technology giants, which has been a long-standing irritant. Canada, seeking to address the challenge of taxing digital giants like Google parent Alphabet and Amazon.com ( AMZN ) that can book their profits in low-tax countries, began...
US power companies increase data center demand spending as DeepSeek fears wane
US power companies increase data center demand spending as DeepSeek fears wane
Feb 13, 2025
* PPL to boost capital spending by 40% through 2028 * US AI power demand so far undimmed by Chinese startup DeepSeek * US power demand to hit records this year and next, EIA forecasts By Laila Kearney Feb 13 (Reuters) - U.S. electric utilities are adding tens of billions of dollars to spending plans to build new power supplies...
Power Integrations Insider Sold Shares Worth $305,890, According to a Recent SEC Filing
Power Integrations Insider Sold Shares Worth $305,890, According to a Recent SEC Filing
Feb 13, 2025
04:18 PM EST, 02/13/2025 (MT Newswires) -- Balu Balakrishnan, President and CEO, on February 11, 2025, sold 5,241 shares in Power Integrations ( POWI ) for $305,890. Following the Form 4 filing with the SEC, Balakrishnan has control over a total of 600,124 common shares of the company, with 600,124 controlled indirectly. SEC Filing: https://www.sec.gov/Archives/edgar/data/833640/000083364025000066/xslF345X05/edgardoc.xml ...
Slm Insider Bought Shares Worth $289,032, According to a Recent SEC Filing
Slm Insider Bought Shares Worth $289,032, According to a Recent SEC Filing
Feb 13, 2025
04:18 PM EST, 02/13/2025 (MT Newswires) -- Ted Manvitz, Director, on February 11, 2025, executed a purchase for 10,000 shares in Slm (SLM) for $289,032. Following the Form 4 filing with the SEC, Manvitz has control over a total of 56,464 common shares of the company, with 56,464 shares held directly. SEC Filing: https://www.sec.gov/Archives/edgar/data/1032033/000162828025005390/xslF345X05/wk-form4_1739480615.xml ...
Copyright 2023-2026 - www.financetom.com All Rights Reserved