Cirrus Logic Inc. Q2 Income Rises 106%
WASHINGTON (dpa-AFX) - Cirrus Logic Inc.
(CRUS) announced earnings for its second quarter that climbed compared to the same period last year.
The company said its bottom line rose to $88.47 million, or $1.35 per share. This was up from $42.96 million, or $0.65 per share, in last year's second quarter.
Analysts had expected the company to earn $1.05 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.
The company said revenue for the quarter rose 39.7% to $428.62 million. This was up from $306.76 million last year.
Cirrus Logic Inc. earnings at a glance:
-Earnings (Q2): $88.47 Mln. vs. $42.96 Mln. last year. -Earnings Growth (Y-o-Y): 105.9% -EPS (Q2): $1.35 vs. $0.65 last year. -EPS Growth (Y-o-Y): 107.7% -Analysts Estimate: $1.05 -Revenue (Q2): $428.62 Mln vs. $306.76 Mln last year. -Revenue Change (Y-o-Y): 39.7%
-Guidance: Next quarter revenue guidance: $475 - $515 Mln
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