Benzinga | Jan 31, 2022 04:25PM EST

Cirrus Logic: Q3 Earnings Insights

Cirrus Logic (NASDAQ:CRUS) reported its Q3 earnings results on Monday, January 31, 2022 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Cirrus Logic beat estimated earnings by 18.69%, reporting an EPS of $2.54 versus an estimate of $2.14, which surprised analysts.

Revenue was up $62.55 million from the same period last year.

Past Earnings Performance

Last quarter the company beat on EPS by $0.19, which was followed by a 1.02% drop in the share price the next day.

Here's a look at Cirrus Logic's past performance:



Quarter Q2 2022 Q1 2022 Q4 2021 Q3 2021EPS Estimate 1.63 0.40 0.71 1.86EPS Actual 1.82 0.54 0.66 2.13Revenue Estimate 450.40M 261.76M 302.47M 458.59MRevenue Actual 465.89M 277.25M 293.54M 485.80M

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This article was generated by Benzinga's automated content engine and reviewed by an editor.