Benzinga | Nov 2, 2020 04:00PM EST

Cirrus Logic Q2 Adj. EPS $1.26 Beats $0.90 Estimate, Sales $347.30M Beat $310.56M Estimate

Cirrus Logic (NASDAQ:CRUS) reported quarterly earnings of $1.26 per share which beat the analyst consensus estimate of $0.90 by 40 percent. This is a 18.71 percent decrease over earnings of $1.55 per share from the same period last year. The company reported quarterly sales of $347.30 million which beat the analyst consensus estimate of $310.56 million by 11.83 percent. This is a 10.70 percent decrease over sales of $388.91 million the same period last year.