Stock Track | Cirrus Logic Soars 5.96% After-Hours on Strong Q3 Earnings Beat and Upbeat Guidance

Stock Track

Feb 04

Cirrus Logic's stock surged 5.96% in the after-hours session following the release of its fiscal third-quarter financial results, which significantly exceeded analyst expectations.

The company reported adjusted earnings per share of $2.97, beating the consensus estimate of $2.44 by 21.92%. Revenue for the quarter reached $580.6 million, surpassing the estimated $533.89 million by 8.75%. Both metrics also showed year-over-year growth. Furthermore, the company provided fourth-quarter revenue guidance of $410 million to $470 million, which is above the analyst forecast of $385.8 million.

Management attributed the strong performance to stronger-than-anticipated demand for components shipping into smartphones and a favorable product mix. The company is also expanding its market offerings with new product families targeting prosumer and automotive markets, which is seen as a strategic move to diversify its business.

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The company is also expanding its market offerings with new product families targeting prosumer and automotive markets, which is seen as a strategic move to diversify its business.</p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CRUS","symbol_name":"凌云半导体","start_time":0,"source_url":"","article_id":"1188687826","we_media_id":"1086803395","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1188687826","pubTimestamp":1770154762,"columns":[],"sourceInfo":{"source_id":"ai_movement_en","name":"Stock Track"},"weMediaInfo":{"media_name":"Stock Track","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1086803395","head_image":"https://static.tigerbbs.com/a81accab1e7ee4144dc051f71903a390"},"summary":"Cirrus Logic's stock surged 5.96% in the after-hours session following the release of its fiscal third-quarter financial results, which significantly exceeded analyst expectations.The company...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CRUS":"凌云半导体"},"translate_title":"个股追踪|Cirrus Logic盘后飙升5.96%，因第三季度盈利强劲增长和乐观指引","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CRUS":1},"content_text":"Cirrus Logic's stock surged 5.96% in the after-hours session following the release of its fiscal third-quarter financial results, which significantly exceeded analyst expectations.The company reported adjusted earnings per share of $2.97, beating the consensus estimate of $2.44 by 21.92%. 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