Benzinga | Feb 1, 2021 04:37PM EST

Recap: Cirrus Logic Q3 Earnings

Shares of Cirrus Logic (NASDAQ:CRUS) fell 6.4% in after-market trading after the company reported Q3 results.

Quarterly Results

Earnings per share increased 51.06% year over year to $2.13, which beat the estimate of $1.86.

Revenue of $485,795,000 up by 29.66% from the same period last year, which beat the estimate of $458,590,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Q4 revenue expected to be between $280,000,000 and $320,000,000.

Conference Call Details

Date: Feb 01, 2021

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/wcc/r/2935733/7FB72D7AE40F47FE00A0C74C6DFDAD06

Recent Stock Performance

52-week high: $103.25

Company's 52-week low was at $47.04

Price action over last quarter: Up 29.98%

Company Profile

Cirrus Logic Inc is a provider of integrated circuits for audio and voice signal processing applications. The firm's products are organized into two streams: portable audio products, and non-portable audio and other products. These products include analog and mixed-signal components targeting mobile devices, smart homes, and applications in the automotive, energy, and industrial markets. Roughly half of the firm's revenue is generated in China, with the rest coming from the United States, Europe, South Korea, Japan, Taiwan, and countries across the world.