Benzinga | Nov 2, 2020 04:47PM EST

Recap: Cirrus Logic Q2 Earnings

Shares of Cirrus Logic (NASDAQ:CRUS) rose 7.1% in after-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share were down 18.71% year over year to $1.26, which beat the estimate of $0.90.

Revenue of $347,325,000 decreased by 10.69% year over year, which beat the estimate of $310,560,000.

Looking Ahead

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

Q3 revenue expected between $440,000,000 and $480,000,000.

Conference Call Details

Date: Nov 02, 2020

Time: 05:00 PM

ET Webcast URL: https://event.on24.com/wcc/r/2633727/7C4C0B2AA6F816325D5F27D93608B1A1

Price Action

52-week high: $91.63

52-week low: $47.04

Price action over last quarter: Up 4.78%

Company Overview

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.